PERSONAL INSURANCE
High Net Worth Insurance
When your home, cars, collections, and liability exposure outgrow a standard policy, you need private client coverage built for what you actually own. We are appointed with Chubb, Hanover, and AIG, and we shop your entire program the way an independent broker should: side by side, at no fee to you.
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- High Net Worth Insurance
Quick Answer: High net worth insurance, also called private client insurance, is personal coverage designed for households with substantial assets: typically homes above roughly $750,000, plus valuables, collections, and liability exposure that standard policies cap. It differs from a regular policy in three ways: higher and broader limits (extended or guaranteed replacement cost on the home), coverage standard forms exclude or sublimit (jewelry, art, wine, water backup), and claims service that includes cash-settlement options and dedicated adjusters.
The most common gap we find in wealthy households is not a missing policy; it is a standard policy stretched over a non-standard life. A $1.5 million home written on a mass-market form can be underinsured by hundreds of thousands at rebuild time. A typical homeowners policy caps stolen jewelry around $1,500. And a family with a seven-figure net worth carrying a $300,000 liability limit is effectively self-insuring a lawsuit. Private client carriers exist for exactly these situations, and as an independent broker we compare them against each other rather than selling you one company's answer.
What a Private Client Program Covers
High Value Home
Extended or guaranteed replacement cost, cash settlement options, and limits that reflect true custom rebuild costs, not a formula.
Private Client Auto
Agreed value options, OEM parts, and higher liability limits for luxury, exotic, and multi-vehicle households.
Excess Liability / Umbrella
$5M to $25M+ in liability above your home and auto policies. The core of asset protection: your limits should approach your net worth.
Jewelry, Art & Collections
Scheduled coverage for jewelry, watches, art, wine, and memorabilia, without the sublimits standard policies impose.
Second Homes & Vacation Property
The lake house, the Florida condo, the ski place: coordinated under one program, with licensing in 40+ states.
Watercraft, Classics & Toys
Boats, collector cars, and recreational vehicles, written with agreed value where it matters. See also classic car insurance.
Appointed With the Carriers That Define This Market
Private client insurance is a carrier-access business, and most agents cannot quote it at all. Pro Insurance Group is appointed with Chubb, Hanover, and AIG, three of the most established names in high value personal insurance, and we are actively expanding our private client market access. Because we are independent, we quote them against each other on coverage terms and price, then tell you which program actually fits. If your assets are better served by a standard market, we will tell you that too.
Already with a private client carrier? Bring us your policies. A second set of eyes on limits, valuations, and premiums costs nothing and regularly finds five-figure differences.
Where Standard Policies Fail Wealthy Households
- Rebuild reality: custom construction, imported materials, and craftsman labor rebuild at costs standard valuation formulas miss. Extended or guaranteed replacement cost closes that gap.
- Sublimits: standard forms cap jewelry theft around $1,500 and similarly restrict art, furs, silverware, and wine. Scheduling valuables removes the caps and typically the deductible.
- Liability that ignores net worth: a serious auto accident or an injury on your property exposes everything you own. Umbrella limits should be sized to assets, not to the carrier's default.
- Claims experience: private client carriers offer cash-out options and dedicated large-loss adjusters, which matters most on the worst day you will ever have as a homeowner.
What High Net Worth Insurance Costs
| Profile | Typical annual premium range |
|---|---|
| $750K to $1M home, high value form (Illinois) | $3,000 to $6,000 |
| $1M to $2M home with scheduled valuables | $6,000 to $12,000 |
| Full private client program (home, autos, $5M umbrella, collections) | $10,000 to $30,000+ |
Estimates only; premiums depend on rebuild value, location, protection class, claims history, and scheduled items, and are confirmed by a licensed advisor.
What Our Clients Say
High Net Worth Insurance FAQ
What is high net worth insurance?
Personal insurance designed for households with substantial assets: high value homes, luxury autos, valuables, and significant liability exposure. Carriers like Chubb, Hanover, and AIG write it with broader coverage, higher limits, and enhanced claims service than standard-market policies.
What is considered a high value home for insurance?
Most private client carriers focus on homes with rebuild values from roughly $750,000 to $1 million and up, though thresholds vary by carrier and market. What matters is rebuild cost, not market price; custom features often push rebuild value well above what a home would sell for.
How much does high net worth home insurance cost?
In Illinois, a $1M home on a high value form often runs $3,000 to $6,000 a year, and a full private client program with autos, a $5M umbrella, and scheduled valuables commonly lands between $10,000 and $30,000. Exact pricing depends on rebuild value, location, and claims history.
How big should my umbrella policy be?
A common starting point is liability limits at or near your net worth, since a judgment can reach your assets beyond your policy limits. A licensed advisor sizes it properly against assets, income, and exposure like teen drivers, boats, or rental property.
Is Chubb or another private client carrier worth the higher premium?
For the right household, usually yes: the difference shows up in rebuild coverage, valuables limits, and claims handling. But not always, which is exactly why we quote Chubb, Hanover, and AIG against each other and against strong standard markets before recommending anything.
Can you cover homes in more than one state?
Yes. We are licensed in 40+ states and regularly coordinate the Illinois primary home with vacation property elsewhere under one advisor, so limits and liability stay consistent across the whole picture.
Your Assets Outgrew Your Policy. Let's Fix That.
Send us your current policies. A licensed advisor reviews limits, valuations, and gaps across Chubb, Hanover, and AIG, and shows you the comparison side by side. No fee, no obligation.
Start My Private Client ReviewReviewed by Dave Rysavy, Personal Lines Advisor
Dave leads personal lines at Pro Insurance Group and builds private client programs across Chubb, Hanover, and AIG for Illinois families and their properties nationwide.