Historic Homeowners Insurance
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According to the U.S. Census Bureau, there are at 37.3 million housing units that were built prior to 1940. Finding the right coverage for one of these 37.3 million historic homes is now trickier than ever. At National Trust Insurance Services, LLC., we can help you find the specialized coverage that your historic or high-value home demands by working with carriers that offer Guaranteed Replacement Cost coverage. Guaranteed Replacement Cost coverage provides you with the three R’s after a loss: Replacement, Repair, and Restoration. With the Guaranteed Replacement Cost coverage, you can rest easily, knowing that if your home suffers a catastrophe, the insurance carriers understand your home’s special needs for repair and restoration.
Our carriers provide coverage for consulting services for using historic preservation consultants who are able to advise you on how to restore or rebuild your home after a loss. Following a covered loss you are given the freedom to choose your own contractor, historic architect, and specialized restoration consultant to oversee your repairs. Some carriers are even able to insure the historic tax credits that you may lose due to a loss.
In addition to the coverages listed above, we also offer policies for the following:
• Yacht/Recreational Marine
• Primary/Excess Flood
• Personal Liability
• Personal Umbrella
• Secondary/Rental Homes
• Renters Coverage
• Vacant Properties
• Special Events
U.S. consumers spend $36.5 billion on boats, marine products and services each year. With six consecutive years of growth, this trend is expected to continue as consumer confidence remains strong and disposable income continues to increase. Although the boating industry is booming, it can also be dangerous. In a typical year, there are 4,228 recreational boating accidents resulting in 2,731 injuries and $43.3 million in property damage. With these numbers likely to rise with increased sales, it is important to ensure your clients are protected from these potentially disastrous losses. Recreational Marine Coverage provides financial protection not only for your client’s boat, but also in cases of bodily injury and property damage.
Personal Articles Floater
A common misconception amongst new clients is the assumption that valuables such as engagement rings and artwork are entirely covered by an existing homeowners policy. While there are small sub limits of coverage provided, the amount and type of coverage will most likely lead to a disappointing claims decision from the carrier. Our carriers provide policies that specifically cover valuable artifacts that you may have in your home, or the vintage watch that you wear daily, ensure that these items will always be protected against:
We have direct relationships with nationally known appraisal companies that can help you catalog and appraise your family heirlooms. We will work with you to construct a comprehensive policy that provides that extra layer of security you are looking for.
Having appropriate auto insurance coverage for your vehicle is more than just good common sense - it’s the law. But how do you know how much coverage to buy and what discounts you qualify for?
Coverage Options Available Include:
• Liability Coverage
• Comprehensive/ Collision Coverage
• Medical Payment/Person Injury Protection Coverage
• Uninsured / Underinsured Motorist Coverage
Other optional coverages include emergency roadside assistance, towing, rental reimbursement, and others. Policies are available for all level of drivers including those with a spotless record and those who have had a few tickets or accidents. At The National Trust Insurances Services, LLC., we make shopping for insurance as easy as possible. Our experienced and knowledgeable team will sit down with you to discuss your exact needs.
We will also go over your policy to determine whether or not you are getting the best discounts, such as:
• Accident-free discountClean driving record discount
• Multi-policy discounts
• Good student discount for teen drivers
• and More
In addition, our team at NTIS knows that not every auto insurance company is right for every situation. That is we work with a multitude of different carriers to help you find the one that meets your individual needs.Learn more and receive a free rate quote.
Primary and Excess Flood
Ninety percent of all natural disasters in the United States involve flooding. Resulting damage totals approximately $6 billion every year. Although most homeowners do not suspect they are at risk, all 50 states have experienced floods or flash floods in the past five years and 20 percent of all flood-related insurance claims are on properties outside of designated risk zones. With recent hurricanes causing huge losses to the National Flood Insurance Program (NFIP), the urgency for private companies to support flood insurance is at an all-time high. The NFIP often comes with inadequate coverage, while private markets can use innovative modeling technologies to accurately ascertain the risk involved and offer increased limits.
Each year there are 29.2 million emergency room visits, 4.5 million dog bites, and 4.4 million medically consulted motor-vehicle injuries, with motor vehicle deaths, injuries and property damage costs $377.8 billion on average. In addition to accidental physical injuries, a Personal Umbrella policy also protects against libel and slander. This becomes more critical to your clients as social media use continues to increase across all age groups.
Rentals and Secondary Homes
Many are aware of the value of investing in secondary homes. As more people are searching for rental properties, secondary homes become more than just a property investment, they are a new source of income. However, they require different coverage than owner-occupied homes. A property owner can be held personally liable for injuries to tenants and their visitors or for any accidental damage to their property. Ensure your clients have the right coverage in place to protect against loss of income and issues related to tenants and guest liability.
The advantage of owning a condo is that you become a shareholder in a property from which you “share” access to common areas. However, this benefit does not come without risk. Although condominium associations carry insurance policies, they typically only cover items that are part of the building, including the common areas, parking lots, and swimming pool. Condo owners can also be held personally liable for injuries to visitors or for damage accidentally caused to other property including their neighbors. In addition, your clients need to ensure that their personal possessions in the condo are protected.
Approximately 23,800 vacant residential property fires are reported to fire departments each year, resulting in $785 million in property losses. Wooded areas bring fire hazards and unmonitored vacant homes face increased risks for greater losses. In fact, 53 percent of vacant dwelling fires spread to the entire property. Other geographic locations introduce different exposures as colder climates give rise to water damage claims due to frozen pipes bursting, while coastal homes have heightened risk of wind damage. Vacant Dwelling Coverage can be customized to limit your clients’ property exposures stemming from their vacant houses, apartments and condos.
How confident are you in your Family Office coverage? Many basic coverages do not offer the specialized protection you need to cover your assets.
You bought a historic property and now you are ready to embark on a two-year renovation project to restore the property to its original grandeur. Your next step is to secure the correct property coverage for the home while the home is being renovated. Our carriers offer robust policies that cover your home and materials while a home is under construction. Specific coverages vary between carriers, however, most comprehensive builders risk policies may offer coverage for theft and vandalism, as well as additional coverages including (but not limited to) soft costs, flood, windstorm, earthquake, ordinance and law, and business income and extra expense. Policies may also cover damage to construction material, temporary structures, fencing, scaffolding, subdivision signs and landscaping.
Whether you are living in the home while the renovations are being completed or the property is vacant, you will want your policy to cover liability (for accidents and injuries in the workplace). If liability is not included in the quote, stand-alone liability insurance may be secured separately.
Degree of remodel examples:
• Basic Remodel: changes to interior, (floor refinishing, replacing doors, fixtures, cabinet replacement)
• Minor Structural: changes to interior and exterior, (doors, windows, roof replacement, additions, kitchen/bathroom full remodel)
• Major Structural: repair, replacement or removal of load-bearing walls or foundation of floors and stairways.
AIG Private Client Insurance is part of AIG Property Casualty, a world leading property casualty and general insurance organization serving more than 70 million commercial and personal clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise, and excellent financial strength, AIG enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
The Cincinnati Insurance Company, rated A+ by A.M. Best Co. a leading provider of insurance ratings, offers home, auto, life and business insurance. Standing among the nation’s top 25 property casualty insurer groups, Cincinnati continually strengthens service by offering a local presence, unparalleled claims service, competitive insurance products and innovative solutions. Since 1950, Cincinnati Insurance has partnered with the best independent agents to offer Everything Insurance Should Be® to the people and businesses in their communities.
Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to creating an exceptional experience for responsible high net worth individuals and families. PURE provides best-in-class, customizable coverage throughout most of the U.S for high-value homes, automobiles, jewelry, art, personal liability, watercraft, and flood. Inspired by some of the finest policyholder-owned companies in the world, PURE emphasizes alignment of interests and transparency.