Adjusting Insurance to Fit Your Needs
How much the glossy emerald green car, with bodywork and a LeBaron original chassis, engine and body, would take – anywhere from $ 1.2 to 1.6 million dollars because it was eventually sold for about $ 1.5 million. Instead he was thinking about what he calls Horror 101 – the changing risks for wealthy individuals, and a special form of insurance that cover them. The real problem for the high-wealthy and upper-middle-class consumers is that they are more at risk because of the lifestyle they lead,” said Fiske, who is also the U.S. marketing manager for Chubb Personal Insurance, a unit catering to the rich.
Amid the financial crisis and the growing risk of lawsuits against the rich, insurers specializing in coverage for the wealthy are taking a broader view of the possible pitfalls that consumers face. A major trend we see is more risk awareness while in the rare 1953 Fiat 8V Supersonic for more than $ 1.7 million to the Arizona auctions last month, but also the personal liability which might arise from kidnapping, theft of identity, potentially libelous postings seen on Facebook, even the toddler injured in a playground under the supervision of a local group where the client is on the board.