High Net-Worth Insurance
Let your local Chicago independent broker do the work for you saving you time and money.
At Truska Insurance, we understand that people with larger assets have unique risks that need to be addressed. That’s why we offer a range of high net worth insurance policies that are tailored to your individual needs. From travel, home, and auto insurance to special wealth protection plans, our team of experts will work with you to find the perfect policy that meets your needs. Contact us today for more information.
Enhanced Dwelling Coverage
Our high-value home policies go above and beyond a standard policy by offering extended replacement cost coverage for your dwelling and other structures. This feature gives you reimbursement for house repairs that are above the amount listed on the policy. This can be important if local material and building costs rise after a disaster such as a fire or tornado.
In addition we offer a “cash out” option in a high-value home insurance policy. If your home has been destroyed, this lets you take the insurance check and build elsewhere.
Enhanced Contents Coverage
Getting enough insurance for possessions is often of special concern for our clients, which are filled with expensive personal items. Our contracts offer “All risks” coverage for contents: A standard home insurance policy covers your dwelling for all risks (meaning anything not specifically excluded, such as earthquakes) but your contents have protection from 16 “named perils” such as fire and lightning. A high-value home policy, on the other hand, will insure contents for all risks.
All our policies offer “replacement cost” coverage. Replacement cost reimburses you for new items to replace the damaged ones—without depreciated value. You replace your items with the same like kind and quality.
Enhanced Liability Coverage
Generous liability coverage is important to anyone with significant assets because you have a lot to potentially lose in a lawsuit. You can also be an attractive target for lawsuits.
Our high-value home insurance policies provide liability coverage, and you can choose a coverage limit. In addition they provide for your legal defense costs outside of the liability limit. That leaves more coverage to actually pay for legal judgments and settlements.
Our liability insurance policies also provide personal injury coverage (for libel, slander and defamation).
We have access to high excess liability coverage with a high value homeowners insurance policy, such as $50 million (Chubb) or $100 million (AIG).
Additional Increased Coverage
Automatic coverage for sewer backup
Flood Insurance
Kidnap ransom and extortion
Deductible waiver for large losses
Risk Management Services
Wildfire defense services
If you are interested in protecting your assets and legacy with exceptional coverage, peace of mind with extraordinary claims handling reach out to one of our high value brokers today.