Private Client

High Value Homeowners Insurance for Estates and Luxury Residences

A primary residence, a rental property, and a home under renovation may each carry different exposures, and a standard market policy may not respond the way an owner expects. Rebuild costs, custom finishes, domestic staff, and personal liability can sit outside what a typical form contemplates. Neil Jesani Risk Management structures luxury home insurance programs that account for the residence, its contents, and the people connected to it.

Call (800) 755-3469

Where High-Value Residences Carry Distinct Exposure

Every residence carries its own risk profile. The exposures below are the ones that most often prompt a coverage review for high-value homeowners.

◆Custom materials and craftsmanship that may be slow or costly to source after a loss
◆Renovation and construction activity at an occupied residence
◆Unique ownership structures, such as owning a home in a trust or LLC for tax or estate planning purposes

Coverage We May Place Within a Personal Portfolio

High-Value Homeowners

Dwelling, contents, and loss of use, with extended or guaranteed replacement cost available depending on the carrier

Luxury and Exotic Vehicles

Agreed valuation, increased limits of loss of use coverage, and deductibles that reflect your risk tolerance

Excess Liability / Umbrella

Limits up to $50M available through our standard markets

Fine Art, Jewelry & Collections

Valuable articles coverage, generally on an agreed-value basis

Household Staff Workers' Compensation

Coverage for domestic employees, structured around state requirements

Builder's Risk

Protection for structures during renovation at an existing residence

$5M+

Property values commonly placed

Agreed Value

Settlement basis available for scheduled articles

24/7

Client helpline for claims and urgent matters

How a Personal Portfolio Comes Together

Discovery

We review your current portfolio and conduct a brief meeting with you to better understand your current pain points, lifestyle, and risk tolerance.

Strategy

We build a new program that reflects your needs and market it to our premier high-net-worth carrier partners. We walk you through our findings and allow you to have the final say in the creation of your new portfolio.

Execution

We place the program with your new carrier and aid in the cancellation of your prior portfolio.

Ongoing Optimization

Your advisor reviews the program as your lifestyle changes, so coverage may keep pace with any updates you make throughout the year.

Frequently Asked Questions

What makes luxury home insurance different from a standard homeowners policy?

Luxury home insurance often adds extended or guaranteed replacement cost, which can pay above the dwelling limit when a rebuild costs more than expected, along with specialty endorsements. Many coverages and limits available through luxury home insurance products are not available through a standard homeowners policy. Terms differ by carrier and state.

How much dwelling coverage does a high-value home require?

This varies based on geography. The limit is generally set against the current cost to rebuild the property with its existing materials and finishes, rather than against market value or purchase price. A replacement cost valuation is the usual starting point, and an advisor can model it with you.

Can several homes be covered under one private client program?

Residences can often be coordinated within a single private client program rather than carried on separate, unrelated policies. Eligibility, structure, and available endorsements depend on the carrier and on the properties involved.

Review the Coverage on Your Residence

Our advisors structure luxury home insurance programs around the property, its contents, and the liability that comes with both. Contact us to discuss your residence and the coverage currently in place.

Call (800) 755-3469