High net worth insurance in Orange, Dutchess, Sullivan, Putnam, Columbia, Ulster and Westchester Counties.

People with large assets have unique risks. High net worth insurance is a customized policy type that protects clients from these risks—from home insurance to travel insurance and much more.

Despite the name, high net worth insurance isn’t simply a variation on ordinary personal insurance with higher coverage limits and higher premiums. Instead, it’s about recognizing that  successful people with large assets that they have worked hard for have unique needs.

One way  our experienced high net worth insurance team  responds to this challenge is by bringing multiple areas of coverage and expertise together into a comprehensive insurance solution based on your individual needs. This usually includes coverage for your home(s), vehicles,  water craft, airplane, travel and even life insurance. The solution is custom-designed for your particular lifestyle, assets and risks rather than simply combining “off-the-shelf” policy terms and conditions. Our team works together with you to analyze your risks and assets so that we can craft the best possible solution for you, your family and Home Office. Our goal is to protect your physical assets as well as your monetary assets through prudent risk management and risk transfer opportunities.

For example, you may want to look for coverage that ensures you’ll be able to repair a damaged vehicle using the repair shop of your choice and factory-original parts. You may also want to have your vehicle insured for the “agreed value” rather than the market value. This means that you and the insurance company agree to the payout amount upfront in the event of a total loss claim.

Of course, there are other unique risks to consider, as well. Household help (such as nannies or landscaping crews), equine or other farming operations,  identity theft, international travel, valuable jewelry, artwork, wine collections,  and collectible cars  all have specialized insurance solutions to protect your  hard earned wealth.

To discuss how high net worth insurance can meet your needs, contact us today.

Let’s discuss your high net worth insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate high net worth insurance solution. There’s no obligation, just good-old-fashioned advice.
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William A. Smith & Son, Inc. Insurance offers comprehensive high net worth insurance throughout the Hudson Valley and across NY State, including Orange, Dutchess, Sullivan, Putnam, Columbia, Ulster and Westchester Counties.