You don’t have to own a multi-million-dollar house to consider affluent insurance. Certainly the old adage, “The more you have, the more you have to lose,” applies to the amount and type of insurance you need. But part of the consideration is also your view of insurance as a risk management tool. Answer these simple questions to determine if you need an upgrade in your insurance product.
If you answered yes to three or more of these, you should consider affluent insurance.
Not all insurance policies are created equal! A home policy is NOT the same from carrier to carrier. Just like cars, you can buy the economy version or the luxury version. Determining which one is best for you can make all the difference when a claim occurs.
Various carriers offer special policies for affluent families. Consider one of these possibilities:
In general terms, affluent insurance policies are designed for homes with more amenities, higher quality construction, unique features, outbuildings, etc. Here are some of the coverages you’ll find in a affluent policy:
On the liability side, many of these policies are equipped to respond to board involvement, alleged acts of libel and slander, and offer higher limits than standard policies.
Of course, you’ll want to review the carrier’s specific offerings against your needs. And that’s where we come in. We’ll explore your family and business situation to really understand what you have at risk. We’ll also address your risk tolerance when crafting a final program for you. In the end, you’ll have custom insurance for your custom life.