Typical Summer Insurance Claims & How To Avoid Them


The summer months bring the highest amount of deadly accidents throughout the year. As a high-net-worth individual, do you carry enough insurance should the worst happen?

Boating accidents, car accidents, and home burglaries are the most significant reasons you need better insurance during the summer. You don't want to have the worst happen and not enough insurance to cover the details. Here's what you should know about summer insurance as a high-net-worth individual.

Boating & Watercraft Accidents

Increasing your personal insurance should you enjoy boating in the summer is one of the best considerations for you and your family. You might travel to your second home during the summer months to use your boat or jet ski on the lake, ocean, or river. Boat accidents do happen thanks to bringing along family and friends. Your homeowner's insurance will only cover a small portion of a claim. 

Boating accidents can cause a lot of damage and are responsible for many deaths each year. As a high-net-worth individual, you want to have as much protection as possible, regardless of the boat accident claims. 

Car Accidents

Do you have enough car insurance or high-end car insurance? How about luxury car insurance to cover you should an accident happen during the summer months? 

Taking you and your family to your beach or lake house or traveling to destinations can be dangerous. Summer months also increase trips to restaurants, theme parks, and other outdoor adventures. Your family is precious to you, and you want to protect them in the best possible way. 

With so many more people on the road, you should have enough luxury car insurance and high-end car insurance should you wreck your car or get hit by another driver. Having the best car insurance will protect your investments and prevent others from seizing your wealth as an HNI. Your homeowner's insurance won't help you enough as other supplemental insurance. 

Home Burglaries 

When burglars know you're a high-net-worth individual, they know your home is full of luxurious items that they can try and steal. An empty home is a target for burglars, and home burglary claims skyrocket during the summer months. Spending time away from your primary residence or your second home means your home could become the victim of burglars. Before you file a home burglary claim, you want the best insurance and coverage for your prized possessions. Don't let your homeowner's insurance let you down without significant coverage! 

Additional insurance is necessary for a high-net-worth individual, thanks to increased boating accidents, car accidents, and home burglaries. You want the best and most insurance policies to protect your wealth. Don't get caught in the wrong position without the most insurance possible. Contact us today to give you a quote about having the best summer insurance as an HNI. You'll want peace of mind knowing you have enough coverage when there's an insurance claim.