When it comes to insuring high-value, high-end homes, more often than not homeowners end up with gaps in their coverage. The most common of these comes from the sheer costs of materials that go into rebuilding one of these houses after a windstorm, fire, or other covered loss. Those materials, many of which are custom, […]
Those who collect high-end vehicles know just how important it is to have the right insurance policies in place. After all, we’re not talking about cars that cost mere hundreds of thousands of dollars. No, these cars can go for half a million dollars and up, making insurance coverage more about lawsuits, coverage limits, and […]
Those who have amassed a sizable net worth tend to have collections and assets that reflect their wealth. They also often enjoy the luxuries of high-value homes, a staff, and the ability to travel throughout the world, often to visit one of their multiple properties. But these so-called luxuries often require higher coverage limits and […]
You still remember the college days of eating ramen noodle and working a part-time job. Your first job out of college still lingers too — bad hours, bad pay, but it was freedom. Over the years you’ve worked hard to build a good life for yourself and your family. You’ve got a large home in […]
All families face certain risks from fire or theft to auto accidents and job losses. But high net worth families have additional risks that most people can’t imagine. Even moderately wealthy families who maintain thriving careers need to be aware of their additional risks. Here are five risks to be aware of and tips on […]
For many homeowners a basic home insurance policy, flood insurance policy, and perhaps an umbrella policy are all the protection they need for their homes to protect against natural disasters, theft, and damage. But for high value clients who possess heirlooms, antiques, and other fine valuables, you understand that the basic insurance policies are not always enough.
Did you realize, though, that you may be missing a valuable insurance policy for the domestic workers you hire to work in your home?
You’ve worked hard to build the life you’ve always wanted. A large home on a private estate, the collection of antique cars in a luxury garage, a private yacht – it’s all yours. You take pride in everything you’ve accomplished. Looking around, it’s satisfying to see the luxurious life you’ve built for you and your family.
But it can be threatened in an instant.
Too often, high net worth families in Charlotte and the surrounding areas, don’t realize that their personal insurance requires a bit more scrutiny than the average person’s does. The wealthy have more opportunities for savings and frequently miss them by over insuring in the wrong areas. They also tend to put their hard-earned wealth at unnecessary risk by under insuring where it really counts. The Private Client Group at Charlotte Insurance is dedicated helping wealthy individuals fix these inequities by rebalancing their high net worth insurance portfolios. In many cases, we accomplish this with only small increases in overall cost — or with no increase at all.
