Based on decades of firsthand experience, the Hurricane Protection Unit of AIG provides insights and lessons learned from the front lines to help enhance your home’s resiliency in the event of a major storm.
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Although water damage is the most frequent cause of loss to luxury homes, most people don’t appreciate the specific impact it could have on them—and therefore don’t take proactive steps to avoid it. By anticipating and dispelling water damage assumptions and the myths up front, you can sidestep costly losses in the future.
Experience has shown that many families of wealth unwittingly outgrow their coverage and can be severely under-protected. To help assess the insurance choices available, there are factors to consider when evaluating an insurance advisor and uncovering the right insurance resource.
Families spend a lifetime building a legacy and tragically, just one lawsuit can place that legacy in jeopardy. Without that critical layer of personal liability insurance, your are at risk. Personal excess liability coverage—commonly called an umbrella policy—protects individuals from a covered claim brought against them, personal injury, or property damage in excess of underlying policies.
The best time to install protective devices or materials in your home is during a renovation, addition, or new construction. Consider the following recommendations early in your planning stages to increase safety, lessen the likelihood of damage, and help minimize installation costs. Some proactive measures may even result in savings on your homeowners insurance premium.
The best time to prepare your home for the cold weather, snowfall, ice accumulation, and storms is before winter sets in. For added protection, recommended tips are provided to help you get a head start.
Winter-related claims add up to over $1 billion each year across the insurance industry. One common—yet often overlooked—cause of costly damage is ice damming. By taking proactive measures and making crucial upgrades to your home, you can help prevent ice damming damage.
As with many of your possessions, the value of jewelry is not simply monetary. Individual pieces often hold significant sentimental value: a tennis bracelet gifted to mark the birth of a child or an heirloom brooch passed down from a grandmother, for example. These are irreplaceable, so taking the proper steps to secure and protect them is critical. This article details five considerations to help protect your precious possessions.
Some 90 percent of adults over 65 prefer to “age in place,” and even the need for health or mobility assistance doesn’t change their desire to stay in their own homes. It raises issues not just for Baby Boomers, but for those who are responsible for their transitioning through the stages of aging. The “aging in place” trend has also brought with it significantly more options and risks on the continuum of care. Welcome to senior citizenship, 21st Century style.
Cybersecurity risk creates a vexing set of challenges for family offices, high net worth families and executives, who, like any other business, would be well-served to make cybersecurity an important part of their estate planning and asset protection strategies. If the family or executive is prominent, a host of other issues related to privacy and identity protection apply. While there is no simple solution to the growing risks posed by cybercrime, there are few steps family offices, high net worth families, and executives can take to minimize the cyber attacks.