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Westchester County Private Client Services: High Net Worth Insurance

Westchester County Private Client Services: High Net Worth InsuranceWestchester County Private Client Services: High Net Worth Insurance

Most individuals who own a business, home or car carries an accompanying insurance policy. Hours of rifling through Google’s endless page results, contacting prospective insurers; it’s a long, arduous process that typically ends in purchasing an “x” amount of coverage for a “y” amount in premiums that are feasible for you, your assets and your finances.

So, this takes us to a couple questions; why are high net worth (HNW) individuals purchasing insurance policies conducive for average salary individuals with an average amount of assets? And why aren’t these policies being written by insurance companies that specialize in high net worth insurance?

According to Accenture, North America’s HNW population has risen 8.6 percent in 2010, after rising 16.6 percent in 2009. With a continual increase of wealthy individuals, it’s presumed that HNW niche insurance companies are being flooded with elite clientele vying for their services. But according to Property Casualty 360, this is not the case. Moreover, over 80 percent of HNW individuals do not carry coverage written by these niche companies. This means that over 80 percent carry an inadequate amount of coverage. Investing in protecting your valuable assets is just as important as deciphering which fine art collection or antique car is worthwhile.

Right now is a fitting time to educate the HNW population that niche companies have (1) unique solutions for their particular needs and (2) private client services in mitigating their specialized risks.

AJ Benet Insurance Private Client Services serves HNW individuals in Manhattan & Westchester County, NY, Fairfield County, CT & New Jersey

Along with your beautiful home and appointed furnishings, you most likely have high-valued items including fine art collections that require special insurance coverage. You may have paintings and sculptures – artwork you’ve collected over time – whose value goes well beyond what a homeowners policycan provide. At A.J. Benet, we offer our clients within our Private Client Services division, insurance to cover fine art collections as part of our suite of products. This coverage can be either an addition to your homeowners insurance or issued as a separate policy to cover items such as paintings, sculptures, antique furniture, collectibles and much more. Trust AJ Benet with your Fine Art Collections Insurance

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