High net worth insurance is a liability-centric, niche insurance product (comprised of multiple policies and coverage layers) that is designed to protect the unique lifestyles of the world’s wealthiest individuals. This customizable package of insurance policies is...
In many cases, high-value home insurance costs less per dollar of coverage compared to standard home policies. On the other hand, there’s more to insure, so coverage costs can add up quickly. The good news is that your high-value policy offers more ways to...
The recent real estate run-up saw higher home values in all segments, but luxury homes are among the biggest gainers. Sales of homes valued at over $1 million increased over 80% from 2020 to 2021, according to the National Association of Realtors Sales prices are...
Your gorgeous yacht probably didn’t come cheap. So, it goes without saying that choosing the right yacht insurance coverage matters. Before setting sail, here’s a list of things to consider when picking out the right plan for you. An Overview: Yacht Insurance...
For homes with a rebuild value of $1 million or more, you can choose a high-value home insurance policy instead of standard home insurance. The choice of a high-value home policy brings many compelling advantages, ranging from broader liability insurance coverage...
Hundreds of insurers compete for the U.S. home insurance market, but a select group of providers specializes in the high-value market catering to high-net-worth households. Off-the-shelf products from broad-market insurers can miss key risks for affluent families....
When we think of insurance and protection against risks specific to high-net-worth individuals, we tend to think of property insurance or liability insurance. But cyber risks are a growing threat, and high net worth individuals make increasingly attractive targets...
Where you live can affect insurability or availability of insurance programs, particularly if you live in an area prone to earthquakes, floods, wildfires, or hurricanes. Prior claims can sometimes affect availability for some insurance programs as well. For...
Well-known national insurers dominate the home insurance market but specialty insurers that cover high-value homes service a segment of the market that broad-market insurers often can’t address properly. Chubb is among the largest of these high-value home insurers...
