Should You Be Working with Speciality Insurance Partners?
December 14, 2021
Protecting yourself, your loved ones, and your assets against the worst-case scenario means carrying adequate insurance coverage. It’s a delicate balance to strike between paying too much in premiums versus not having the support you need when something goes wrong. You may not even realize that certain one-of-a-kind items aren’t covered for their total value with traditional insurance products.
When you work with a specialty insurance partner like VillaNOVA, you get expert insight into which of your assets may require additional coverage. By developing a year-round relationship with an insurance broker, you’ll have someone invested in protecting you, your loved ones, and your assets when things go wrong. Here are some specialty insurance products our partners provide to our Pennsylvania clients.
This insurance product is for small businesses in particular. When a key member of the team dies or becomes disabled and can no longer fulfill their role in the organization, this insurance product provides funds to stay operational.
Keyman insurance covers positions such as executives, owners and partners, or top-performers within the organization. The specialty insurance partners at VillaNOVA can establish how much coverage your organization might need by analyzing the size of your business, its revenue, and the debt load.
Rather than adding a policy to your current vehicle insurance, work with a provider specializing in motorcycles. You’ll get specialized coverage that protects against accidents, theft, and injury from a company that understands motorcycles and their riders, so you won’t overpay on your premiums.
Tax-Deferred Cash Value Accumulation
Although they have higher premiums, cash value accumulation life insurance policies don’t expire and provide the insured with greater equity during their lifetime. The death benefits of this type of policy aren’t as substantial as some other products. So, many specialty insurance partners caution their clients to consider the cash value accumulation as asset relocation with added death benefits.
Later in life, you can withdraw the cash value of the policy tax-free for various purposes.
More areas of the United States are at risk for extreme weather than ever before. Even if you weren’t at risk for flooding at your home or business five years ago, you might be today. General coverage for your property doesn’t always include flooding.
A flood insurance policy protects your investment against damage from excessive water. It ensures you have the money you need to find other accommodations and replace your damaged property. Get unparalleled peace of mind with flood insurance from a specialty insurance partner.
Personal Boat Insurance
Water vehicles are at risk from a variety of threats that don’t exist on land. Traditional automotive insurance providers don’t offer policies that account for what can go wrong on the water. Specialty insurance partners can provide you with the coverage you need with a premium that fits your budget, regardless of your type of boat, including:
Work with experts to ensure your assets are protected against the worst-case scenario.
VillaNOVA is a specialty insurance partner that offers personal and business solutions across Pennsylvania.
VillaNOVA Insurance Partners provides business and insurance solutions to individuals and organizations in King of Prussia, PA. We’re a team with diverse backgrounds who come together to provide personalized service by maintaining open lines of communication with our clients. Our mission is to adapt our services to the evolving needs of those who rely on us, whether for personal insurance products or innovative business solutions.
Protecting yourself and your assets in the worst-case scenario often requires additional insurance products outside of general coverage. We take the time to get to know our clients to offer insight into purchasing and maintaining adequate coverage for their lifestyles. Contact our specialty insurance partners to talk about your options.