What to Consider:
Private clients require specialized coverage solutions for homes, vehicles, valuables, and liability risks. Standard policies may not cover your unique situation. We deliver customized private client insurance solutions to help safeguard your legacy.
High-value Home Insurance
Coverage solutions for luxury homes and multiple properties.
Excess Liability
Helps provide coverage for claims exceeding standard limits.
Valuable Articles Coverage
Insurance solutions for art, jewelry, and collections.
Personalized Risk Management
Support relating to security needs.
Private Client Insurance FAQs
Does my policy offer Agreed Value or Replacement Cost for my classic car and art collections?
High-value assets may benefit from clarity at claim time. Agreed Value typically pays a pre-set amount, while Replacement Cost typically seeks market-equivalent replacement, subject to limits.
Compare valuation methods:
| Feature | Agreed Value | Stated Value / Replacement |
|---|---|---|
| Payment certainty | Pre-determined amount | May adjust based on market and limits |
| Use case | Rare autos and fine art | Broader personal property |
| Documentation | Appraisals and condition reports | Inventory with current valuations |
If it’s available to you, you can choose Agreed Value for unique items to avoid depreciation disputes and ensure smoother claims.
A Trucordia broker can help you review your current insurance solutions so you understand the type of coverage and policy language used.
How do I insure a global lifestyle including homes, yachts, and staff in multiple countries?
Complex portfolios may perform best under a coordinated approach that avoids coverage silos. You can align property, liability, and specialty coverages across jurisdictions.
Key components:
- Master portfolio structure with local admitted policies, as needed
- Cross-border liability alignment for personal and household exposures
- Domestic Staff Employment Practices Liability for household employees
- Yacht and aviation policies with security and crew requirements
Working with one broker with access to carriers that offer all of these policy types and concierge service will help you stay protected and reduce your stress as you juggle assets in various locations.
Is my $5M umbrella policy enough to address social inflation and viral lawsuits?
Higher-profile individuals or individuals with a high net worth may want to evaluate larger excess limits due to increasing values of verdicts and defense costs.
When evaluating limits, be aware of:
- Total asset base and future earnings
- Household drivers and vehicle mix
- Public profile and social media exposure
- Claims history and existing primary limits
You can work with your broker to help model worst-case scenarios and select an excess limit that may help protect what matters most to you.
What are the security requirements for insuring a yacht or supercar in high-risk zones?
Carriers increasingly require active mitigation to complete underwriting. Meeting specific storage, tracking, and crew standards may improve insurability and premium over time.
Common requirements from carriers can include:
- Climate-controlled storage and locked facilities
- Specialized theft tracking for vehicles and tenders
- Documented maintenance and qualified crew certifications
- Water leak sensors and automatic shut-off systems on vessels
You can work with a Trucordia broker to provide proof of controls during underwriting to access preferred terms for your assets.
Can I combine all my insurance into one portfolio and get concierge-level service?
With the Trucordia companies, you get concierge-level service and access to national carriers with top-tier coverage options for your entire portfolio. We work with private-client carriers to offer portfolio policies for homes, autos, watercraft, and valuables with unified billing and a dedicated claims manager.
Benefits of a master portfolio:
- Coordinated limits and fewer coverage gaps
- Single point of contact for claims and service
- Streamlined certificates and documentation
- Potential multi-policy credits
- Concierge service for support location changes and claims
A consolidated approach may simplify life and may improve responsiveness when a claim occurs.