Personal Insurance; A safety Net For High Net Worth People
There are many benefits to having been blessed with wealth. You may have a vacation home, boat, plane, or get to travel the world. But individuals with high net worth have increased risks that need to be managed. Personal insurance policies created for high net worth individuals can have much higher limits than average policies, providing the adequate coverage for more expensive homes and automobiles, as well as valuable collections, yachts, and aviation.
One way insurance responds to this challenge is by bringing multiple areas of coverage and expertise together into a comprehensive insurance solution based on your individual needs. Many “standard” personal insurance policies have limitations that create the need for a different personal insurance approach.
We can offer specific coverage for the following risks:
· Foreign travel
· Expensive art or gun collections
· Expensive jewelry
· Private aviation
· A greater amount of cash in the home
· Expensive or custom vehicles
· Watercraft that are not covered under a normal policy
· Hired staff
· Custom homes with unique or one of a kind construction
· Involvement in charities that create new risks
· Custom furniture or other personal items
· Imported fixtures
Affluent individuals often choose a personal umbrella policy, which provides expanded coverage and increased protection of their assets beyond what is provided under homeowner’s and auto insurance policies. Navigating the insurance maze can certainly be challenging. But it’s important to have the right amount of insurance coverage if you want to preserve the wealth you’re working so hard to build.
At Innovative Insurance Services LLC, we believe our greatest asset is the relationships we build with our clients and we are dedicated to being the right choice for all of your insurance needs. We take pride in our ability to tailor a comprehensive insurance package that maximizes your insurance protection while minimizing money out of your pocket. As an independent insurance agency we are affiliated with multiple industry-leading companies. It is these partnerships that allow us to provide our clients with better coverage at a competitive price. Our staff is knowledgeable and committed to providing a quality customer service experience to our valued clients.
You can’t afford to risk unpredictable forces and let this critical investment go unguarded. We offer several forms of coverage to suit all kinds of situations. We’ll build a policy shaped around your specifications. Please request a quote or contact us to learn more. Contact Innovative Insurance Services LLC today.