High Net Worth Insurance
Affluent households have unique insurance considerations, but standard home insurance policies can leave gaps in coverage that may not be immediately obvious. Jerome & Summey develops comprehensive plans for a wide variety of home values and incomes. We offer access to the industry’s leading high net worth and high value home insurance carriers.
Insuring High Net Worth Affluent Individuals
Since people have a variety of lifestyles and income levels, one size does not fit all when it comes to insurance coverage.
If you’re the owner of a high value property or a notable valuable collection, you’ll need a superior insurance policy to match. The experienced team at Jerome & Summey will work with you to identify, assess, and manage the unique set of risks that come with having a high net worth, a high value home, or a notable collection.
Coverage enhancements typically found in high value home policies include:
- Broader coverage limits
- High liability limits
- Guaranteed replacement cost
- Additional living expenses while your home is being repaired or rebuilt
- Medical payments coverage
- Personal property replacement cost
- Collector cars, specialty cars, sports cars, etc.
- Additional coverages:
- Water backup
- Identity theft
- Business property
- Family protection
High Value Home Insurance
High value homeowners’ insurance generally means the replacement cost for the property is $1-1.5 million or more. This specialized coverage protects properties that are more costly than the average home, including:
- Historical properties
- Houses of architectural significance with custom or unique features
- Houses constructed from rare or expensive materials
If you own a valuable property, talk with an independent Jerome & Summey agent today to find a comprehensive insurance plan to help address your unique needs.