How does Private Client Insurance provide better protection compared to regular insurance policies?

Imagine this: your house burns down, destroying irreplaceable artwork and irreparable family heirlooms that were treasured heirlooms; or cybercriminals gain access to personal data that exposes it, leaving you vulnerable for identity theft - these scenarios might leave you unprotected by standard policies which fail to offer comprehensive coverage.

Private client insurance provides high-net-worth individuals and families with added peace of mind when unexpected events arise. But, How does Private Client Insurance provide better protection compared to regular insurance policies? - At SummitCover, we understand each client's individual requirements for protection so we can create tailored insurance solutions to provide comfort during difficult situations.

The Limitations of Regular Insurance

Many people depend on standard insurance plans to secure their homes, cars and belongings; however these plans often come with restrictions which leave people exposed:

• Coverage Limits: Traditional insurance policies often impose caps on payouts, leaving gaps that might prevent full coverage for rebuilding a dream home or replacing valuable antiques.
• Standardized Coverage: With these plans offering one size-fits-all policies, it may be hard to tailor coverage specifically to the needs of an art collection or race car that needs protecting. Your precious items could go uncovered.
• Lack of Personal Service: In some instances, dealing with large insurance companies can be both inconvenient and frustrating - trying to locate dedicated assistance can often prove challenging.

Read more: What is private client insurance?

SummitCover: Increasing Insurance Protection

SummitCover takes private client insurance one step further by offering plans with superior protection:

• High Coverage Limits: We recognize the true value of your assets and tailor coverage limits accordingly. Whether they consist of your sprawling estate or rare jewelry collection, we ensure they're fully protected in case of loss.
• Flexible and Customizable Policies: Our policies aren't one-size-fits-all solutions. Instead, we work closely with each client to understand their unique risks before creating personalized plans that address specific requirements - this may include cyber liability coverage or even collectible coverage depending on individual situations.
• SummitCover Advisors: For personalized service that exceeds all expectations, turn to SummitCover advisors! Our experienced advisors at SummitCover will meet each need uniquely; acting as your advocate throughout this claims experience for a smooth experience as well as ongoing support services.
• Additional Benefits: Our private client insurance goes far beyond basic protection, offering benefits such as loss replacement based on actual value (not simply depreciation) and access to specialist repair services to restore precious belongings back to their former glory.

Investment of Peace of Mind with SummitCover 

Protecting assets and loved ones requires exceptional protection, which is why SummitCover offers tailored private client insurance solutions that go beyond regular policies' limitations.

Reach out now for a consultation at Summit Insurance Kelowna and find out how we can develop a tailored plan designed to give you peace of mind about protecting the assets that matter. We take seriously our responsibility to create effective protection plans that offer lasting peace!