When looking for an insurance policy, you want to make sure you are protected, no matter your lifestyle. With over 35 years of industry expertise, the Hays Private Client Group provides you that protection and more. We specialize in placing insurance for home, auto, directors and officers liability, kidnap and ransom, aviation, equine, watercraft, or valuable articles.

To help you take care of your home and other assets, consider these five essential tips from our experts.

1. Your Advisor Should Help Organize Your Insurance Program

When numerous assets are acquired over time, it is common to insure them with many different programs, often leaving your assets unorganized and expensive to manage. This can lead to gaps in coverage that you will only discover when an insurer unexpectedly denies your claim.

2. Keep Your Options Open

The benefit of retaining an independent insurance agent or broker is that they are working in your best interest. You should be frequently presented with options to organize your coverage.

3. Have Enough Personal Liability Insurance

If a lawsuit puts your assets at risk, the last thing you want to worry about is insufficient limits. Make sure your liability coverage limits protect your current net worth and future earnings. The Hays team can help you determine this value.

4. Be Certain of Your Insurer’s Financial Strength

Always look for financial stability when choosing your insurer. It is important your provider is strongly capitalized and will be able to pay your claims. Look for insurance companies rated “A” or “Excellent” by A.M. Best.

5. Work with High Net Worth Insurance Specialists

Complex insurance situations require specialists. Most insurance carriers are not equipped to address your complex personal risk management needs if you have a unique situation.

This document is provided for general information purposes only and should not be considered legal or tax advice or legal or tax opinion on any specific facts or circumstances. Readers are urged to consult their legal counsel and tax advisor concerning any legal or tax questions that may arise.

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