HIGH NET WORTH CLIENTS
High value homeowner’s policies can be complicated because they have many more components than traditional personal lines homeowner policies. However, in addition to more expensive residences, high net worth clients also have more things in their homes that need to be insured, including cars, jewelry, art work and other miscellaneous objects that need higher limits than a traditional homeowners policy would cover.
At Gem Young, we understand the intricacies of high net worth customers and have the knowledge and expertise to carefully handle these policies. We advise and counsel our customers to make sure that all of your exposures are covered in the event of a loss.
Contact Gem Young today to evaluate your existing policy or build a program that is right for you.
Homes are generally considered a high-value home when they are valued at over $750,000. Standard homeowners insurance policies may not be the right choice for these homes. Our insurance policies have the flexibility necessary to properly insure affluent individuals by customizing their policies to meet their unique needs and avoiding gaps in coverage.
Your Other Home(s)
Most insurers only provide limited coverage for vacation homes. Unfortunately, these getaways are more likely to have a serious loss because you may not be there to prevent the damage before it occurs. We’ll make sure your secondary home is protected the same way your primary home is protected.
Carrying the minimum coverage may not be the best thing to do if you have a lot of assets to protect, drive a high value vehicle that would be expensive to repair or replace, or spend a lot of time on the road. Gem Young can help you choose the right coverage, figure out what limits to carry and what deductible to choose.
Your Jewelry, Art, Collectibles and Money & Securities
Some things are worth more than money. But if a high-value item gets damaged or stolen, would you at least want compensated for it? Most standard homeowners policies have limited coverage for jewelry, fine arts, collectibles and money & securities. We can help you decide whether to increase those limits or obtain a separate policy for them.
The insurance protection you need whenever you’re on the move.
- Motorcycle Insurance – Ride safe and insure your motorcycle. (Cruisers, Choppers, Sport Cycles, Touring Bikes, Scooters and Mopeds)
- ATV and Motorsport Insurance – Insurance policies that cover all your off-road vehicles (ATV’s, Dirt Bikes, Dune Buggies, Golf Carts, Snowmobiles, Trikes)
- Collectible Car Insurance – Your classic car is an icon. Insure it well. (Antiques, Classic Cars, Hot Rods, Muscle Cars, Customs, Exotics, Replicas, Kit Cars, Woodies, Modifieds and Foreign & American Sports Cars)
- RV and Mobile Home Insurance – Insurance for your home-on-the-road. (Class A,B & C Motor Homes, Camper Vans, Pop-up Campers, Luxury Coach Motor Homes, Vintage Motor Homes, Fifth Wheel, Travel Trailers and Horse and Utility Trailers.
- Boat and Watercraft Insurance – Insurance coverage for the captain of the ship. (Ski Boats, Jet Skis, Cruisers, Fishing Boats, Bass Boats, Pontoons, Runabouts, Sail Boats, Catamarans and Utility Boats, Yachts)
Umbrella / Excess Liability
Lawsuits could be a greater threat to your home than fire. Gem Young can provide broad excess liability coverage and limits ranging from $1 million to $50 million. Excess liability insurance offers the higher limits you may need to cover damages for which you or members of your household may be legally responsible. An excess liability policy kicks in when the amount you must pay in a covered lawsuit exceeds the limits of liability under your primary, personal automobile or watercraft liability insurance policies.
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