Your wealthiest clients have unique exposures that general market insurance simply cannot cover. With expensive luxury homes and high-value collections — such as art, jewelry, cars, and wine — they need protection that can even exceed limits offered by many high net worth insurers.
As a leading provider of personal insurance for the wealthiest individuals and their families, Fireman’s Fund coverages are available to your clients through Big “I” Markets. Now you can differentiate your agency by recommending some of the best high net worth coverage in the industry.
Are Your Clients Protected from the Underinsured?
In today’s economy, insurance is often an expense that many simply cannot afford. And when they can afford it, their liability limits might not be sufficient to cover damages to your high net worth clients.
Let’s say your client was injured at a friend’s house when a deck he was standing on collapsed. If the homeowner didn’t have adequate coverage for medical and liability expenses, your client would be covered by his Fireman’s Fund policy if he or she purchased uninsured/underinsured liability coverage.
You can help protect your clients with uninsured/underinsured liability coverage, which provides limits up to $10 million — a feature not offered by most insurers.
Available as an endorsement to the Fireman’s Fund Prestige Excess® policy, uninsured/underinsured liability coverage provides an extra level of protection for third-party, non-auto-related liability claims. The endorsement also covers auto liability claims if the occurrence is covered by required underlying insurance. The excess policy itself is among the broadest in the industry, featuring competitive rates up to $75 million. Higher limits up to $100 million are also available.
Fireman’s Fund was the first to market uninsured/underinsured liability coverage, demonstrating its industry leadership with innovative insurance solutions. When you recommend Fireman’s Fund to your high net worth clients, they can close coverage gaps not addressed by many other insurance policies.
Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: firstname.lastname@example.org or b y phone at 770-458-0093, x.110, or 800-878-6487.