CHICAGO (PRWEB) October 31, 2014
Convention wisdom would seem to dictate that high-net-worth individuals simply need to buy enough insurance to best protect and cover their many, varied properties. But that mindset could be financially unwise and possibly lead to massive losses, according to a new white paper issued by Chicago-based Parr Insurance Brokerage.
Titled, “Insurance Needs of High-Net-Worth Individuals Present Special Challenges, Complexities,” the white paper, written by Melissa Neis, vice president at Parr Insurance Brokerage, outlines a host of scenarios affluent individuals may encounter that often require special coverages and policies. These special situations can include owning homes in multiple states, use of service workers in more than one home, possessing expensive artwork and other valuable collectibles, and concerns about possible kidnapping or extortion loss that involve family members.
The article explains how and why it’s critical for the affluent to enlist insurance experts experienced with such scenarios and who are knowledgeable about the carriers who have specific policies for those needs.
The white paper also addresses the number of complimentary services available through these policies, such as infrared scans of home interiors and wildfire defense.
The white paper is available for free online on the Parr website.
For more information on the unique insurance needs for high net worth individuals and families, visit http://www.parrinsurancebrokerage.com or contact Melissa Neis at 773.489.3001 or via email.
Chicago-based Parr Insurance Brokerage is an independent insurance agency founded to protect high-net-worth individuals and families nationwide with customized insurance coverage for fine homes and possessions, and offers special policies for the apartment management market.
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