Private Client Insurance
For clients whose homes, cars, and personal belongings are valued outside the limits of most standard policies, coverage has to be structured differently. Policies that aren’t designed for high net worth families may not provide sufficient coverage for jewelry and art. Liability coverage can fall short of the cost of an actual lawsuit. A second home, a yacht, or a private plane might not fit into a standard policy at all.
MFE’s private client division closes the gap between what standard policies cover and the wealth that people and families have built. Our team of expert brokers work to find an insurer familiar with the risks your high-value assets represent and make sure your coverage matches your needs.
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High-Value Homeowners Insurance
A high-value primary home, vacation home, or investment property needs coverage that matches its full replacement cost. Our high-value homeowners policies cover that value, including custom finishes and detached buildings, so a total-loss event does not leave you to cover the difference.
Second homes, vacant properties, and homes held in a trust or LLC can also fall under the same policy structure. Getting the ownership listed correctly matters at claim time. A policy that names the wrong owner, or does not account for a trust or LLC as the insured party, can turn a covered loss into a coverage dispute.
Auto Insurance for High-Net-Worth Households
Auto exposure changes shape once a household adds a second vehicle, a high-value car, or drivers with limited experience. Standard auto policies are priced around a single-vehicle, single-driver profile, which is why the same limits that work for a commuter sedan often fall short for a garage with three cars in it.
At MFE Insurance, we build coverage around your vehicles, including collector cars and luxury imports. With an agreed value policy, the payout on a total loss is settled in the contract rather than negotiated after the accident.
Fine Art & Personal Articles Insurance
Homeowners policies almost always cap coverage for jewelry, art, and collectibles well below the value of the pieces themselves, which leaves most serious collections underinsured under a base policy. A scheduled personal articles policy assigns an agreed value to each item individually, so a covered loss pays out at the piece’s actual worth rather than the standard policy’s category limit.
This includes art, wine, watches, furs, musical instruments, and similar collectibles. Appraisals should be updated as your collection changes, not just at renewal.
Aircraft Insurance
Aircraft ownership and operation carry an entirely different risk profile than a home or automobile, and the coverage has to reflect that. We work with carriers who specialize in aviation risk, with policies structured around hull damage, liability, and passenger injury for aircraft you lease, own outright, or hold a fractional share in.
How and where you fly matters as much as what you fly. A small prop plane operating out of a private strip, a fractional interest in a jet, and a personally piloted turboprop each carry their own exposure profile, and the policy should be built around your actual flight patterns rather than a generic template
Boat & Yacht Insurance
Watercraft carry a risk profile that has little in common with a car or truck. Coverage has to account for hull value, crew liability where a captain or crew is employed, and the cruising grounds you actually use, whether that is an inland lake, coastal waters, or an international itinerary.
Agreed-value coverage matters more on watercraft than it does on most other assets. A policy written on an actual cash value basis follows a depreciation schedule, which can leave the owner well short of what a serious repair or full replacement actually costs.
Personal Liability & Umbrella Insurance
Even a well-structured private client program has policy limits, and a serious lawsuit can exceed them. Personal umbrella coverage sits on top of the underlying home, auto, and watercraft liability limits, typically in increments of a million dollars or more, and picks up where the base policies end.
Households with significant assets, a public profile, or a property that regularly hosts visitors carry an exposure that an umbrella policy is specifically designed to absorb. MFE Insurance sizes umbrella coverage to actual exposure, the assets at risk, the liability scenarios most likely to affect the household, and the coverage layers already in place, rather than defaulting to a standard limit that may or may not match the situation.
Common Questions We Hear About Private Insurance
Anyone whose home, collectibles, cars, or liability risk has outgrown a standard policy would benefit from private client insurance. That includes high net worth individuals and anyone who owns a second home, collects something valuable, or simply carries more liability risk than an average homeowners policy expects.
No. Umbrella coverage is one part of a private client program. It sits above your other liability limits. A private client policy also covers property, valuables, vehicles, and other assets that a standard policy either skips or underinsures.
Homeowners insurance covers fine art and jewelry only up to a point, which is often lower than owners expect. Most standard policies cap jewelry, art, and collectibles at a few thousand dollars combined. A separate scheduled articles policy matters once a collection has real value.
Yes. Private client policies can cover second homes, vacant properties, and property held in a trust or LLC. Making sure the policy lists the correct owner is a small step that can save you major headaches later.
Price depends on the value of what’s being insured, where you live, your claims history, and how you use the assets. Since these policies are built around your real risk instead of a standard formula, an in-depth conversation with a knowledgeable agent or broker is important.
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