Most Americans have risks associated with their wealth and need the right insurance to manage that risk
When we think of high net worth people, most of us tend to think of CEO’s, athletes, or celebrities. However, what we fail to realize, is that you do not have to be a CEO to have personal risks. In 2017, over 3 million people increased their net worth to over a million dollars. Even if your net worth is well under a million dollars, you have considerable personal risks. We can help you manage all your personal risks.
Do you own a boat, motorcycle, or other recreational toy? If so, you need to make sure these assets are covered correctly. We would also recommend a personal umbrella policy to cover your increased risk of injury to third parties.
Smart technology. Almost everyone is getting smart cars or homes. This could include a smart watch, video systems in your home, the Nest thermostat and more. All these items should be insured, and you will want to talk to our team about these.
Vacation homes or condominiums. According to the National Association of Realtors, 46% of vacation homes purchased in 2015 were in the South and 25% in the West, both of these areas are hotbeds for wildfire activity.
Jewelry, guns, and other collections. If you have a gun collection or expensive jewelry, you will need to have these insured separately.