The Best Home, Auto & Life Insurance For High Networth Individuals

Are you a high networth individual or family, or even an ultra-high networth individual or family?  If so, then securing the very best home, auto and life insurance should be your top priority.

As a high networth person or family, maintaining the best home, auto & life insurance coverage for your own personal assets and loved ones should be of the utmost importance so that you can sleep soundly at night knowing you're well protected in case of a liability claim or loss.

For years, InsuranceTrak Services has been a national leader of providing risk management solutions for high networth people.  InsuranceTrak works with high networth people all across the country and if you're a high networth person we want to show you why we are an industry leader and why you should trust us to insure your assets and loved ones.

InsuranceTrak doesn't rely on any gimmicks or special memberships when providing our services to our high networth clients.  Instead, the owner of InsuranceTrak will create an ongoing, one-on-one relationship with you so that you know you're being taken care of by a seasoned professional.  

Best Home Insurance for High Net Worth Individuals

If you're a high networth individual or family then you need to make sure that your home is well protected from loss and you have the proper liability insurance in case of trip and falls, dog bites, and the like.  

InsuranceTrak works with multiple high net worth home insurance carriers like The Chubb Group, Ace Group, AIG Insurance, and many more.  In fact, we work with insurance carriers all across the country so if you live in a state like New York, we can access state & regional carriers who insure high networth individuals in NY like New York Central Mutual, and others.  

Some of the advantages of insuring your home with these carriers are:

• Complimentary home appraisals.  We want to make sure you have enough coverage, and the right coverage, in case of a claim for property damage on your home.  In some instances, we can have a special appraiser come out to visit your home so that an appropriate replacement cost estimate is used when insuring your house.
• Extended replacement cost.  This coverage is important in the case that your home is completely destroyed which can happen from a bad fire or wind storm.  If the amount of replacement cost coverage on your policy is not enough, the insurance carrier will cover the additional expense over your policy limit.
• Ordinance and Law coverage.  The cost to bring your home up to code is not often provided with a standard insurance policy, which may only offer 10% of the dwelling insurance amount, and must be covered separately by Ordinance and Law coverage.  Buildings codes change every few years so if you even own a new home, chances are that in the event of a bad loss like a fire, building code upgrades will need to be made when the house is rebuilt.  Our solution accounts for this extra expense so you're not on the hook to pay the additional cost.
• Ability to add umbrella coverage over your underlying homeowners insurance liability limits.  If you're found at fault for a bad slip and fall accident or dog bite then the other party may come after your personal assets, like your home, in court for their pain and suffering.  Having a high limit umbrella policy will help pay for those costs.

Best Auto Insurance for High Net Worth Individuals

If you're a high networth person and you're worried that your current car insurance coverage is not enough, then worry no more.  Give us a call today so that we can begin your free review of your current personal auto insurance coverage and compare it to our carriers and their superior coverage for high networth individuals.

InsuranceTrak works with high networth auto insurance carriers like The Chubb Group, Ace Group, AIG Insurance, and many more.  We work with insurance carriers all across the country so if you live in a state like New York, we can access state & regional carriers who insure high networth individuals in NY like New York Central Mutual, and others.  

Some of the advantages of insuring your vehicle with these carriers are:

• Agreed value coverage allows you to know exactly what the settlement value is of your vehicle when you obtain the insurance up front.  This is a huge benefit for expensive vehicles because often insurance carriers will use "actual cash value", or simply, the original cost of the vehicle minus depreciation.  Because new cars greatly depreciate when you drive them off the dealer lot, having agreed value coverage for your auto is a huge benefit over the traditional actual cash value method.
• Worldwide rental car coverage helps you in the case that you need insurance for your rental car either in the United States or abroad.  This is extremely important because not all rental car companies have the greatest insurance coverages if you go with their policy and this can get especially sticky if you are overseas.
• If your vehicle is damaged then you can choose your repair shop and have them use original equipment manufacturer (or OEM) parts, and not generic, after-market parts.
• Ability to add umbrella coverage over your underlying auto insurance liability limits.  If you're found at fault for a bad accident, then the other party may come after your personal assets in court for their pain and suffering.  Having a high limit umbrella policy will help pay for those costs so that you don't lose your personal assets.

Best Life Insurance for High Net Worth Individuals

Maintaining a comprehensive life insurance policy is vital if you want to make sure your family is well provided for in case something unforeseen happens and you're no longer around to provide for them. Life insurance is also a valuable tool to transfer your wealth tax free upon death.  Additionally, if you live alone, then life insurance can be used to pay off your mortgage so you don't stick your descendants with a costly mortgage payment.

InsuranceTrak will go over your future plans with you to make sure you have the very best life insurance policy that is best for you and your family.

Give us a call today so that you can get the peace of mind you deserve with an insurance agency partner who cares!