An investment adviser may not be able to add value by managing your investments alone but a comprehensive financial planner may be able to add value in many ways.
Some ways are: guidance on asset allocation, where to hold your investments (tax-deferred or not), how to withdraw your assets in retirement, planning your estate documents and, in this post, how to manage risk.
Disability, life, home, umbrella, long-term care and auto policies are just some of the areas of risk management that should be visited in a planning engagement.
If you have a fully-funded emergency fund...
then...
keeping a large deductible on your auto policies can minimize your premiums. In addition, if a car is over 10 years old (or, some say, under $10,000 in value), then consider eliminating the collision coverage.
If you have substantial equity in your home (insurers may not allow you to do this otherwise)...
then...
keeping a large deductible on your home policy can minimize your premium, too.
Self-insuring (using large deductibles, for example) is often a useful risk-management technique.