Those with a high net worth must have a highly-customized insurance plan with a wider scope of insurance protections. Many own several homes and properties, valuable animals, works of art, and private collections of various types. High-net-worth coverage protects these valuables and can provide protection against identity theft or rare occurrences such as kidnapping and ransom demands. What does your family need to stay protected?
At Royal Brokerage in Babylon, NY, we work closely with our high-net-worth clients to ensure that every type of insurance is in place to protect against what life may bring.
Executives, business owners, and other high-net-worth individuals face specific challenges, including a higher risk of a lawsuit or claim being filed at some point. Your insurance plan must include adequate liability coverage to protect against the financial losses associated with a lawsuit, including the legal costs to defend against the claim or pay out damages if necessary.
The types of coverage needed can vary greatly; every high-net-worth insurance plan must be customized to meet the specific needs of the individual or family. We work with our high-net-worth clients to put an insurance plan in place that will protect against any eventuality and the potential financial losses that could occur. Talk to us about how to protect all your assets with an insurance plan that makes sense for you and your family. Call now for more information. Our local agency provides concierge-style service to each of our high-net-worth insurance clients.