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High Value Umbrella Insurance - Manhattan & Westchester County, NY, Fairfield County, CT & New Jersey

In today’s difficult economic landscape, affluent consumers and high-profile individuals are more likely than in the past to be targets of multi-million-dollar lawsuits. It’s not uncommon to see verdicts that reach millions of dollars in cases involving automobile, ATV, boat and snowmobile accidents and injuries that take place in the home. According to data from the Jury Verdict Research, 14% of personal injury awards exceeded $1million and 4% exceeded $5 million in 2010. And in some cases, we have seen $10, $20 and even close to $50 million verdicts. AJ Benet helps establish your High Value Umbrella.

You carry liability limits on your auto and homeowners policy and if you have a watercraft, collector’s car, motorcycle, ATV, etc., you also have liability limits. But these amounts may not be enough (as high as they are) to protect your assets in the event of a catastrophic accident or loss. Your auto and homeowners policies may offer up to $500,000 each, which will take you up to a point. After this, you need umbrella insurance.

An umbrella policy steps in when the liability coverage in the your homeowners or auto policy has been exhausted. Limits start at $1 million and usually go up to $5 million. For affluent clientele who require significantly more protection, a high-value umbrella policy is available with limits that can go as high as $50 to $100 million, depending on the insurance carrier. What’s more, an umbrella policy broadens coverage to include risks not covered under standard policies.

A.J. Benet partners with top-tier carriers to offer our high net worth clientele an umbrella policy that can be tailored to offer these high liability amounts. What’s more, the cost per million dollars in coverage is relatively inexpensive – it can amount to a few hundred dollars.

If you already have an umbrella policy in place, our experienced staff will be happy to review your coverage to determine whether you have enough to fully protect your net worth. When considering how much coverage to purchase, you need look at the equity you have in real estate holdings, the value of your personal possessions, savings and investments and your future income stream from employment. We can help you assess this.

Coverage is available on a standalone basis or can be packaged with your homeowners and auto policies.

Protect your net worth and the lifestyle you’ve built.

We invite you to give us a call at your convenience at (888) 639-4560, or if you prefer email us or return the form on this page.

Since 1964, A.J. Benet has been serving residents in New York City, Pelham Manor, Pelham, New Rochelle, Larchmont, Mamaroneck, Harrison, Rye, Port Chester, Rye Brook, South Salem, Purchase, White Plains, Scarsdale, Eastchester, Bronxville, Armonk, Chappaqua, Briarcliff, Pound Ridge, Bedford, Mt. Kisco, and Katonah, New York; as well as in the Connecticut communities of Greenwich, Cos Cob, Riverside, Stamford, Darien, Rowayton, Fairfield, Westport, Southport, and New Canaan.