High net worth insurance protects a variety of valuables

Anyone who enjoys a high-end lifestyle should realize that ordinary personal insurance coverage may not be adequate. Trust an expert agent to assess your current needs and customize and design a custom protection package to safeguard your belongings, family and any valuable assets. Viable high net worth insurance policies provide not only a higher level of coverage, but also a concierge service with free property appraisals, appraisals and risk assessments.

Available options include:

• High value home insurance:

Many companies offer policies with replacement cost values ​​in excess of $1 million. Anyone with a beachfront location or other unique exposures can get the help they need from qualified agents to find the optimal solution. To help control costs, these agents may also offer high-value deductible programs, as well as other creative solutions.

• Coverage for secondary residences:

It would be a shame if these family treasures lacked adequate amounts of insurance to protect them as well. It is quite possible to insure vacation homes and rental properties with the convenience of a package policy and bill.

• Private Collections:

Protect any artwork, firearms, antiques, jewelry, wine, and other collectibles with the equally valuable coverage they deserve. These items must be appraised annually and insured for their current value. Also, keep photographic records and inventory these items correctly.

• Coverage of directors and officers:

If you serve on a nonprofit board, generic nonprofit insurance may not cut it. Directors and officers (D&O) coverage can be included to cover any personal liability risk. Consider choosing among the highest limits available to reduce potential risks and exposures.

• Personal automobiles:

Insure all vehicles with a convenient policy using the “agreed value.” Any vehicle can be repaired with original manufacturer parts at a selection of repair shops. Coverage is available for collector vehicles. High deductible programs are also available.

• Boats:

Get protection for vessels of all sizes, including superyachts used to travel the world. Ask about options to protect crew and contents. Liability protection should be available in all states.

• Aircraft:

Anyone who owns or operates an aircraft can, and should, insure themselves with the broadest aviation coverage available.

• Private staff:

Cover work-related injuries to household employees and get the coverage you need to respond to potential lawsuits.

• Travel around the world:

Enjoy 24-hour support anywhere in the world whenever a medical emergency arises or uncontrollable circumstances require you to shorten a trip to return home early.