What is the best auto insurance for high net worth individuals?
There are several insurance carriers that offer comprehensive auto insurance coverage for high net worth individuals. Among the best include AIG Insurance, ACE Group, and The Chubb Group. Some of the benefits these carriers offer wealthy people include: Rental car coverage worldwide.
What do high-net-worth individuals need to know about insurance?
High-net-worth individuals enjoy the rewards that come from the fruits of their labor, but they need to take some extraordinary steps to protect themselves, their family, and their possessions. Affluence has its advantages, but it often comes with additional expenses and makes the world of insurance more complicated for the HNWI.
Are high net worth families underinsured or underinsured?
A large percentage of high net worth families are underinsured and/or they have their insurance with a company who does not offer the limits of protection needed and the ability to properly value expensive properties. Over the last few decades, the size of liability judgements and frequency of lawsuits have been increasing.
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