Looking for High Net Worth Insurance in Franklin?
Did you know that most high-net-worth households are significantly underinsured?
This is because many insurance consumers are unaware that there are insurance companies and products out there specifically designed for high net worth individuals and their families.
Don’t just rely on any policy for your insurance needs!
The truth is, high net worth families have different needs when it comes to their insurance coverage, which is why McKinney-Green Insurance offers concierge-level service, and fully customizable insurance policies to meet the unique, and often demanding needs of higher net worth households.
High net worth coverage is for:
- a primary home valued at over $1M
- secondary and vacation homes located around the world
- private collections & collectibles
- identity theft
- kidnap and ransom
- rugs & furs
- high-end furniture
- high-end autos
When it comes to replacing the lost wealth of prosperous families, traditional insurance plans are often times inadequate because the policy language is too restrictive.
If you are emerging affluent or already achieved financial success, don’t jeopardize your family’s financial well-being. Contact us to find out how high net worth coverage can assure that everything you’ve worked for will be protected!
High-Value Homeowners Insurance
If you’re like most homeowners, your home is your single greatest asset. It should be insured as such.
What many homeowners don’t realize is that most standard H03 policies (fancy word for homeowners policy contract) aren’t robust enough to handle a high-value home. Even policies that are referred to as “high value” policies are often times really just standard H03 policies with riders attached to beef them up.
These types of policies aren’t bad, but in most cases, they are not appropriate for homes valued at over $1M.
Insuring your home adequately is a serious business. At McKinney-Green Insurance, we can customize a high-value homeowners policy specifically for your home — no cookie-cutter policies here.
High-Value Homeowners Quoting Process
Quoting a high-value home is different than quoting a standard home. Most of the time, we will do a thorough, on-site inspection of the property to identify specific characteristics and the overall build quality of the home.
After we collect this information, we will then need to prepare the necessary documentation and applications to submit to the high-value insurance carrier.
After the insurance company reviews the applications and returns their initial quote, we may need to adjust certain limits and coverages.
Once the quote is agreed upon and bound, the insurance company will often times complete their own physical survey and inspection of the home a few weeks later to ensure that the policy is 100% accurate.
Sometimes, coverages will be adjusted after the carrier’s inspection.
High-Value Auto Insurance
Just like many standard homeowner’s policies are inadequate for high-value homes, the same can be said for high-value auto insurance. Traditional auto insurance policies are often times more restrictive than you might need, especially if you have a high-value vehicle.
At McKinney-Green Insurance, we can help you whether you’re looking for high-value homeowners insurance, auto, or umbrella, we will work together with you to build a custom insurance program for your specific needs.
How to get started on your quote
Either way, we’ll make the process simple!