Personal Insurance Solutions
With the wide range of insurance products and options available today – not to mention the ever-changing rules and regulations – it is no wonder so many people feel helpless when trying to sort out what type of insurance coverage they need and what they can afford.
We understand that dissecting the differences in policies in order to determine which one gives you the biggest advantage is not only a daunting task, but also an incredibly time consuming one.
That is why we are here.
Our Personal Insurance professional Advisors are dedicated to providing superior service and solutions to each and every one of our clients. We take the time to go through your current policies with you, and make sure that any questions you have are answered.
We help you analyze the risks you face, and then provide you with information on the programs that are best suited to your needs, that offer the greatest value in protecting you and your assets, and that fit within your budget.
We make sure that you understand the choices we are presenting so that you feel educated and knowledgeable enough to decide what works best for your family and you.
You don’t just get a policy with EHL…
You get a Trusted Advisor.
And that makes all the difference.
Types of Personal Insurance
Solutions We Provide Include:
Auto Insurance – Car/Truck/Passenger/Collector/Motorcycle/RV
The vast majority of people we talk to have potentially enormous gaps in their coverage, and often are spending good money on coverages yielding very little value. At EHL Insurance we will work with you to determine the coverages, limits and deductibles that are best for your specific situation.
Condominium Unit Owners Insurance
Course of Construction
While building a new home can be fun, there are many potential stress points in light of all the decisions that must be quickly made during the project. The fact that many preferred homeowners companies decline to offer a product for this exposure can unnecessarily add to the stress. This is a time in your life when doing business with EHL can really help simplify things. COC is a coverage that must be integrated with the rest of your personal insurance package. We have the combination of companies that can solve this potential problem. You’ll still have to decide on the color and type of carpeting and countertops; but insuring them need not add to your “to do” list.
High Net Worth Protection Plan
- A residence with a reproduction cost in excess of $1 million
- Multiple investment properties
- An expensive collector car collection
- A yacht and/or high end motorhome
- A large investment in jewelry/fine art
- Significant income protection needs for your family, or simply a need
for greater liquidity in conjunction with your overall estate plan
Some of the features of this important program include:
Risk Identification – On site inspections reveal inordinate loss exposures requiring special treatment that are not always discernable without a hands on approach.
Client Interview – Understanding our client’s “top end” loss exposure as well as their risk tolerance for self insuring smaller losses, helps us tailor individualized programs.
Risk Management Tools – We discuss avoidance, retention, loss control and contractual transfers in addition to insurance. Sometimes people can save significant premiums by using techniques other than insurance
Survey of Insurance Companies – We determine value by finding the company that does the best job of insuring the client’s unique exposures; has the necessary underwriting appetite; and competitive rates.
Program Structure – We will construct programs that assimilate the right company, client desired non-insurance risk treatment tools; and coverage limits/deductibles that reflects both top end exposures and low end risk tolerance. The result is often significantly greater coverage for less premium.
Income Replacement Analysis – For clients who have yet to accumulate all the assets they will need to retire, we interview our clients to ensure that the goals they have for their program are being met by their existing program. Modifications are recommended to fill any gaps.
Coordination of Services – We work with our client’s estate planning attorneys, CPAs, financial advisors and other trusted advisors to ensure that all are working together in the maintenance of a holistic plan.
Whereas jewelry coverage (theft) is severely limited in a homeowners policy, fine arts have no such internal limit. If the personal property coverage on your homeowners policy is sufficient for all your belongings, including fine arts, you may not choose to schedule individual items. However, if you are concerned about breakage (i.e. blown glass), then it is wise to not only schedule these items, but to also make sure they are scheduled for breakage.
Whether jewelry, fine arts, or any other category of scheduled personal property, there is usually no deductible, the causes of loss to which coverage applies is typically broader, and the amount of coverage purchased is in addition to the personal property dwelling limit on the homeowners policy.
Natural Disaster Insurance
Click the thumbnail to the left to see the value of Renters Insurance – for both the tenants and the landlords.
Special Needs Protection Plan
Customized Services for Your Unique Needs
According to The Hartford Investor, only 38% of parents have a plan in place to cover the cost of care for their dependent with Special Needs once they are no longer here to provide that care. In addition, families with a Special Needs member sometimes have Property or Liability exposures that have never been identified or properly treated.
Our industry has generally underserved this portion of our population. We are passionate about delivering coordinated, tailored packages of protection to these families. As we take the time to understand each individual situation, and reach out to other trusted advisors working with the family, we can help simplify what can seem an overwhelming process.
Here are the highlights of our Special Needs Protection Plan:
- One Point of Contact
- Identification of Unique Liability Concerns
- Determination of Specialized Property & Coverage Options
- Insurance Company Placement for Family’s Specific Needs
- Coordination with Family’s Support System, including
Attorneys, Financial Planners and Other Key Partners
- Referral AssistanceWant to learn more? Or, do you know someone who might benefit from this program? If so, please give us a call.
Watercraft – Boats/Yachts/Jet-Skis/etc.
At EHL we have a variety of insurance markets to tailor your watercraft coverage to meet your specific needs.
BOAT: Many people assume their homeowners policy will cover their watercraft. While the homeowners policy may provide some incidental watercraft coverage, normally it is inadequate and subject to major limitations. It is wise to secure a separate policy designed to specifically protect your watercraft.
YACHT: Yacht insurance is designed for larger watercraft. Often, these larger craft are higher valued and are moored in marinas. Characteristically, yachts often require professional hauling for maintenance and repair. With this in mind, a standard watercraft policy usually does not provide the coverages necessary for the exposures presented by a Yacht. In most cases, a policy designed specifically for yachts is the best choice.
At EHL we have access to several yacht specific programs where we can obtain the best policy to meet your needs.