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Zsa Zsa Gabor lost a lawsuit
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Zsa Zsa Gabor lost a lawsuit

After a longstanding feud between Hollywood starlets Zsa Zsa Gabor and Elke Sommer, Gabor struck a nerve when she and her husband told German publications that Sommer was a financially strapped Hollywood has-been. This resulted in a libel suit against Gabor, which she ultimately lost in 1993. She then filed for bankruptcy.

"Everyone should look at their assets and see where they are unprotected," says Hirshman.

"Most people don't carry enough insurance, Hirshman says. Think about potential risks versus your assets. Some people insure themselves up to three times what their asset base is. If your regular insurance doesn't give you full coverage if your child is in a car accident and you get sued, consider an umbrella policy on your property and casualty insurance. It will kick in when you're regular insurance is depleted.


 

 

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