Bespoke policies offer higher coverage limits and can offer protection from unanticipated events. Plus, they can be tailored specifically for your property and personal items!
Collectors with diverse collections that span art, wine and rare vintages typically find mass market insurance inadequate; that is where custom high net worth insurance steps in.
Understanding Bespoke Insurance Policies
Be it an affluent business owner, high net worth individual, or anyone with valuable possessions - tailored insurance policies provide numerous advantages for protecting personal assets and providing financial security against natural disasters, theft or accidents.
Bespoke insurance provides customized solutions tailored specifically to meet the needs of each customer, such as providing extended cover for high-value items or distinctive aspects of property such as a custom-built home or an extensive art collection.
Custom policies provide personalized assistance from professional brokers who develop an in-depth relationship with you to better understand your assets and risk tolerance, helping identify any areas of exposure while working to transfer, mitigate, or reduce risks together - something hard to come by with off-the-shelf packages.
Bespoke Home Insurance
An exquisite home insurance policy can provide invaluable protection for high-value homes and personal assets, from damage or theft, as well as alternative accommodation should the home become inhabitable.
With a custom policy, you can tailor coverage specifically to reflect the unique aspects of a property and its contents, helping to avoid some of the limitations and exclusions inherent to standard policies.
As such, bespoke policies provide the comprehensive protection that your personal assets require to ensure peace of mind and financial security. From art collections to homes or antique furniture sets, bespoke policies offer peace of mind and financial security that you deserve. By carefully assessing your needs and consulting experts on suitable policies for you to secure what matters most - thereby guaranteeing robust protection from unexpected events for your assets.
Bespoke High Net Worth Insurance
When it comes to protecting high-value assets, traditional policies just won't do. Their exclusions could leave your most precious possessions unprotected or vulnerable to inaffordable coverage limits.
An individually tailored high net worth insurance package is intended to offer liability protection for high-value homes, cars and collections. A typical package will consist of both home and car policies coupled with an umbrella policy of adequate limits - typically.
Marsh Private Client Services, Hiscox and Berkley One offer tailored high-net worth insurance solutions tailored to the specific needs of affluent individuals and families. Their policies offer coverage for luxury homes and collector cars; fine art collections; exotic cars; travel; excess liability protection as well as comprehensive travel policies that provide peace of mind so you can live a worry-free life with confidence. These distinctive risk management tools give individuals and families peace of mind so they can live a comfortable lifestyle.
Bespoke Travel Insurance
Traveling for business purposes differs significantly from traveling for pleasure, so high net worth individuals often require tailored travel insurance plans to assist with business travel arrangements. Many travel insurers offer concierge services within their policies to aid policyholders through the complexity of business travel.
Travelers can compare travel insurance policies easily through an online marketplace like SquareMouth. Users can obtain quotes from numerous insurers before selecting the coverage that best meets their needs and select quotes from several. In addition, SquareMouth provides useful details regarding coverage upgrades as well as contact details of insurers offering them.
Redpoint's Cavalry policy offers 30 covered reasons for trip cancellation or interruption and coverage for nonrefundable expenses and $100,000 primary medical expense coverage, along with emergency evacuation and repatriation, trip delay coverage, 24/7 assistance and lost luggage protection. These plans are underwritten by Spinnaker Insurance Company in Illinois (NAIC# 24376) and administered by battleface Insurance Services LLC in CA Robin Assist LLC respectively - coverage may differ by state.
