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Private Client Case Study

High Net Worth Individuals & Families face numerous challenges when procuring appropriate and affordable coverage to protect their assets and reputations.  Often these individuals have properties in multiple states, auto fleets, and marine exposures.  This family had properties in three different states - two of which were coastal properties.  Each property was insured through local agents but due to the high values and coastal locations the premiums and deductibles were excessive.  

Additional complications included administrative issues dealing with nine separate policies, non-uniformity of coverage, uncovered watercraft exposures, and low personal umbrella limits.

The solution provided by Sovereign Insurance Group simplified the administrative issues, provided broader coverage, and ultimately saved this family over 20% per year on their net costs.

$10M

Increase in Personal Umbrella Protection

1 Carrier

Prior program used 5 separate carriers

22%

Decrease in Program Rates