Looking for High Net Worth Insurance in New Hampshire?
Did you know that most high-net worth households are severely under-insured?
Are you a high net worth individual or family residing in New Hampshire? If so, you might be surprised to learn that most high-net worth households are under-insured. This is often due to a lack of awareness about the insurance products and companies that cater specifically to the needs of high-net-worth individuals and families. Portsmouth Atlantic Insurance is here to offer you concierge-level service and fully customizable insurance policies to meet your unique, and often demanding, insurance requirements.
In this blog post, we will discuss the various aspects of high-net-worth insurance, including coverage for primary, secondary, and vacation homes, private collections, identity theft, kidnap and ransom, and more. Additionally, we will delve into the importance of high value homeowners and auto insurance for high-net-worth individuals, and how to get started on your custom insurance quote with Portsmouth Atlantic Insurance.
High Net Worth coverage typically includes:
- primary, secondary, vacation homes
- private collections & collectibles
- identity theft
- kidnap and ransom
- rugs & furs
- high end furniture
- high end autos
When it comes to replacing the lost income of high earners, traditional insurance plans are often times inadequate because the policy language is too restrictive.
If you are a high earner, 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!
Why Choose High Net Worth Insurance?
High net worth insurance policies are tailored to the specific needs of higher net worth households, ensuring that all aspects of your life are properly protected. Some of the key reasons to choose high net worth insurance include:
- Coverage for unique assets: High net worth insurance policies offer coverage for items such as private collections, artwork, high-end furniture, and more. These items may not be adequately covered under a standard insurance policy.
- Protection for high-income earners: High net worth insurance policies take into account the unique needs of high-income earners, ensuring that their income is protected in the event of a loss.
- Concierge service: High net worth insurance providers like Portsmouth Atlantic Insurance offer a higher level of service, ensuring that your insurance needs are met quickly and efficiently.
High Value Homeowners Insurance
Your home is likely your most valuable asset, and it should be insured as such. However, many homeowners don’t realize that standard homeowners insurance policies (known as H03 policies) may not be robust enough to handle a high value home.
At Portsmouth Atlantic Insurance, we understand the importance of protecting your high value home. We can customize a high value homeowners policy specifically for your home, ensuring that all aspects of your property are properly covered.
The high value homeowners quoting process involves a thorough, on-site inspection of your property to identify its unique characteristics and build quality. Once this information is collected, we will prepare the necessary documentation and applications to submit to the high value insurance carrier. After the initial quote is received, we may need to adjust certain limits and coverages. Once the policy is agreed upon and bound, the insurance company will often complete their own physical survey and inspection to ensure the policy is accurate.
High Value Homeowners Quoting Process
Quoting a high value home is different than quoting a standard home. 95% of the time, we will need to do a thorough, on-site inspection of the property to identify certain 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 our proposal 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 dwelling coverage is accurate & there are no additional liability concerns.
Sometimes, coverages will be adjusted after the carriers inspection.
High Value Auto Insurance
Just like many standard homeowners 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 if you have a high value vehicle.
At Portsmouth Atlantic 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!