There are so many people who have valuable assets, including real estate, artwork, and collectibles, and they all have questions about protecting their investments from theft, fire, or natural disasters.
If you have at least $1 million in liquid assets, you are considered a high-net-worth individual (HNWI). But apart from the obvious benefits of having such a large and stable portfolio, your holdings also puts you at risk. With expensive possessions and collections, there is a risk that you will lose a large part of your capital if something gets stolen, damaged, or other mishaps occur. This is why you may want to consider a high net worth insurance.
In this article, we’re going to explore high net worth insurance, why it is important to have it, and do you really need to have one.
High Net Worth Insurance: What Is It and Do You Need It?Read More »