With over 5 million high-net-worth individuals and families in the US, specialty insurers have taken notice, bringing a suite of specialized products like high-net-worth homeowners insurance and a bevy of associated coverages, like excess liability coverage to extend liability limits into the millions.
For those who have few or commonly held assets, shopping around for mass-market insurance and finding the lowest price for good coverage is all that is needed. But for those with more or unique assets, it’s more complicated. Mass-market insurers usually limit the...
The cost of a multimillion dollar homeowners insurance policy is influenced by various factors such as the location and construction type of the home, year built, credit score, loss history, deductible, discounts, and most importantly the cost to rebuild. For example, if a home's reconstruction cost is $1 million and the rate is $0.34 per $100 of coverage, then the premium would be $5,950 per year. Your actual premium will vary based on the specific details of your policy, such as whether it is a packaged or standalone policy, the coverages you choose, and other various rating factors.
Do you own a high-end condo or upscale co-op in New York City? Are you looking for the best insurance companies for luxury condos & co-ops in NYC? Knowing what to look for in companies that offer luxury insurance packages, including coverage for upgraded condos...
For homeowners with a bit of space and an active lifestyle, a tennis court, a basketball court, or even a squash court can be the perfect way to bring some of their favorite activities within easy reach for a morning game. Your home itself is covered for most...
Coastal Insurance offers policies catering to high-net worth individuals, including celebrities, public figures, politicians, and professional sports players. Conventional home insurance policies do not provide the coverage most high-net worth individuals...
“In vino veritas.” ~ In wine, there is truth. Often, there’s a fair amount of money invested in wine as well. Wine ownership can range from a couple of half-empty bottles you’ve been meaning to replenish for months to extensive collections of rare vintages that may...
Home Insurance & Artwork, Paintings Your home insurance doesn’t just cover the cost of rebuilding your home. There’s also ample coverage for your personal belongings if your policy is structured well. However, coverage for certain types of items may be subject...
Many families become so close with their nanny, au pair, or housekeeper that they can feel like an extension of the family. That isn’t surprising since a nanny can often be a part of your household for years, by your side as your family grows and for many family...
