High Net Worth Insurance

High Net Worth Insurance is a specialized suite of coverage designed for individuals with significant assets, high-value properties, and unique liability exposures. Standard homeowners policies often cap coverage at limits that leave wealthy individuals underinsured. This “Private Client” coverage encompasses everything from custom homes and luxury vehicles to fine art collections and domestic staff workers’ compensation.

The “Risk Reality”: The Underinsurance Trap

Mass-market carriers typically cap dwelling coverage and use “Actual Cash Value” for contents, which depreciates your belongings. If you own a custom home, standard policies may not cover the cost of specialized craftsmanship or materials. The Insurance Information Institute notes that high-net-worth individuals are frequently targeted in liability lawsuits simply because of their perceived ability to pay, making higher liability limits not just a luxury, but a necessity to preserve your wealth.

High Net Worth Insurance Coverage

We build a protective wall around your lifestyle using carriers that specialize in high-value assets.

High Net Worth Insurance Cost

“How much does private client insurance cost?” Premiums are higher than standard policies but offer significantly more value per dollar of coverage.

• Premium Factors: Costs are driven by the total value of assets insured, the location of properties (coastal vs. inland), and security measures in place (central alarms, gated communities).
• Package Savings: Bundling home, auto, umbrella, and collections with a single Private Client carrier can result in substantial package credits, often reducing total premiums by 15-20%.
• Deductible Strategy: HNW clients often self-insure small losses. Raising deductibles to $5,000 or $10,000 can drastically lower annual premiums.

The “Independent Difference”: Why Dream Assurance?

High-value assets require high-touch service. We offer the discretion and expertise of a private banker for your insurance portfolio. “Independent Means Multiple Choices.”

• Specialty Access: We have appointments with specialty markets that cater exclusively to HNW individuals—carriers you cannot access directly online.
• Holistic Review: Our team looks for gaps, such as ensuring your Umbrella policy actually sits correctly over your boat and vacation home liability limits.
• Concierge Claims: If a loss occurs, you don’t deal with a call center. You deal with us, and we leverage our carrier relationships to expedite your settlement.