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Top 3: Personal Insurance Articles

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Insurance Market Source highlights this month’s top three personal insurance articles on insurancemarketsource.com.

1. Thinking Differently About High-Net-Worth Policies

A recent report marks a record total of 10.4 million millionaires in the United States, adding 300,000 new millionaires in 2015. While economic growth has been slow, the number of affluent individuals has risen. High-Net-Worth package insurance policies are written for these individuals through specialty carriers who specifically understand the needs of wealthy clientele.

Homes that fall into a High-Net-Worth package are typically valued above $750,000, and the package may also include Umbrellas, Collections, Secondary Homes, boats and automobiles…

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2. The Effect of Airbnb & Wildfires on Mid-Range Homeowners Insurance

If a client’s home is located in a part of the country that experiences regular catastrophic disasters, hard-to-place Homeowners insurance is not new to the experienced broker or agent.

Mid-Range Homeowners insurance is the backbone of the personal lines (P&C) industry,” said Bill Gatewood, Corporate Vice President and Director, Personal Insurance, Burns & Wilcox. “It is where most of the homes in the U.S. fall, with replacement costs in the $150,000 to $750,000 range…

>> continue reading here.


3. Safe at Home?

A recent survey by the Independent Insurance Agents & Brokers of America (IIABA) found that many homeowners lack adequate insurance coverage, do not understand their Homeowners policies and are financially unprepared for a disaster.

As eye-opening as those findings might seem, they also reveal an opportunity for brokers and agents to educate their clients, then connect them with the coverage they need to protect themselves and their assets if disaster strikes…

>> continue reading here.

Featured Solutions

Top 3: Personal Insurance Articles

High-Value Solutions (Personal)

In the ever-growing affluent market, your high-net-worth clients require specialty coverage from a provider with a deep and wide-ranging knowledge of this complex terrain.    …

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Property (Commercial)

The Property Insurance segment has recently faced a severe tightening in capacity and Underwriting guidelines. Multiple years of poor Underwriter…

Top 3: Personal Insurance Articles

Residential Property

Home ownership is growing in the U.S. and typically, a home is a family’s largest investment. Residential Property Coverage can be hard-to-place and…

Top 3: Personal Insurance Articles

Liability (Personal)

Many basic coverages do not offer the protection your clients need to sufficiently cover their most valuable assets. A Personal Liability plan from Burns & Wilcox provides an…