From Investopedia High-net-worth individuals (HWNI) face unique insurance challenges and tend to gravitate towards different insurance products. Wealthy families have relatively more complicated risk management needs and relatively less obvious needs for catastrophic insurance coverage. The real risk might be overinsuring against minor threats and underinsuring against major ones. The benefits of a high-net-worth insurance policy are largely centered around …
Under what circumstances would I benefit from a high net worth insurance policy?
From Investopedia A high-net-worth insurance policy is specifically tailored to suit the needs of high-net-worth individuals. It is specifically designed to cover substantial assets such as property, automobiles and valuable collections. Such a policy often helps meet the complicated estate, business, tax and risk-management needs of individuals with high net worth. In situations in which an individual or family has …