We Can Give You Peace of Mind with Private Client Insurance
Are you thinking about getting a private client insurance policy in Tampa, or maybe upgrading a current policy? At HUB International, we know how to make sure your assets are well-protected. A private client insurance policy (also known as high-net-worth insurance coverage) is a great option when standard insurance policies don’t offer enough coverage for your needs.
It’s generally harder for high-net-worth individuals to find adequate insurance coverage. Most policies can’t meet the insurance challenges of those with more complicated risk management needs. Fortunately, we can offer Tampa residents private client insurance that can give you the right level of protection.
Understanding High Net Worth Insurance
Private client insurance policies are structured differently than traditional insurance policies. They offer higher liability limits and more comprehensive coverage options. When you take out a high-net-worth insurance policy, all your covered assets are insured together. This means you’ll have just one premium and one insurer for your house, boat, automobile, collectibles, and anything else you want to be included in your policy.
Most Tampa FL private client insurance policies include one or more of the following coverage options:
- Umbrella and excess liability protection
- Overseas travel protection
- High-end homeowner protection
- Fine art protection
- Private medical insurance
- Domestic staff worker’s compensation
- Aircraft, yacht, and motorboat protection
- Multiple homes protection
- Catastrophe protection (for wildfire, hurricane, earthquake, and flood)
- Kidnap, ransom, and extortion protection
- Jewelry and watches protection
- Antiques and collectibles protection
High net worth insurance may also include employment practice liability protection and not for profit board of directors’ protection.
It is essential to reevaluate your current insurance coverage and make sure you have a policy that can truly meet your needs. HUB will assess your situation and customize a plan that’s sufficient to meet your current financial risks as well as any risks that may arise as your wealth continues to grow.
Benefits of Private Client Insurance in Tampa FL
You have many different insurance options available to you, so how can you know if private client insurance is the right fit for your needs? Well, if you have any high-value personal belongings, homes, vehicles, or other assets that you need to protect, you’ll probably want to at least consider a high-net-worth insurance policy. Chances are, any other type of policy will be insufficient to meet your needs and give you the kind of protection you desire.
Private client insurance in Tampa FL gives you broad coverage and higher limits. You can also add an umbrella policy, if needed, to expand your coverage even more.