Wildfires, hurricanes, identity theft and floods. In most cases, these things just happen and can't be predicted. Disasters can strike anyone at any time.
When working with high-net-worth clients, being able to provide specialized services for loss control and enhanced coverage for what, in many cases, can be a catastrophic claim are value-added benefits agents can offer if they know what services are available.
Frequently, larger personal lines accounts present unique challenges in terms of providing adequate coverage. These larger accounts generally include custom-built homes that are sometimes located in catastrophe-prone areas, as well as high-end autos, collections of jewelry and fine arts, or higher profile individuals who may be more susceptible to identity theft, fraud and embezzlement.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
