A Short Guide To High Net Worth Insurance

A Short Guide To High Net Worth Insurance

If you are an individual with a high net worth, you may have struggled to find a home insurance policy that can adequately meet your unique needs. Typical home insurance policies generally have coverage that is targeted at medium-sized or smaller households and don’t have adequate coverage for those with larger, more valuable estates. Luckily, there are options that can fulfill your needs.

Is High Net Worth Insurance Your Best Option?

If typical home insurance policies don’t seem to offer what you need, high net worth insurance may be your best bet. High net worth insurance provides coverage for properties that are valued at $750,000 or higher. This type of insurance has special coverage for your expensive assets and has higher coverage limits.

What Types Of Coverage Are Available Under A High Net Worth Policy?

High net worth insurance typically offers expanded coverage limits as well as additional benefits and services that standard home insurance does not offer. One important feature of many high net worth policies is the option to obtain coverage for your valuable items. Things covered can include artwork, jewelry, collectibles, and fine wine.

High net worth insurance also offers many options for protection that typical home insurance policies don’t cover. These protection options include identity theft coverage and kidnap/ransom coverage.

Having a high net worth comes with a lot more risk and responsibility.  High net worth insurance can provide you with more peace of mind.