Luxury homeowners should partner with an independent insurance agency to choose the best luxury property insurance policies for their high-end homes. Muller Insurance is an independent agency that works with clients in New York, New Jersey, Massachusetts, and other states to provide both residential and commercial insurance policies. Here, we discuss the reasons to choose an independent insurance agency when insuring your luxury property.
About Luxury Property Insurance
A house is considered to be a luxury home if its replacement cost value is $750,000 to $1 million or more. These high-end homes generally contain more valuable belongings than standard homes, so they need the right insurance policies to protect them. A traditional homeowners’ insurance policy covers damage to the home and personal property inside, as well as personal liability coverage.
A high-value or luxury homeowners’ insurance policy covers the same basics but with additional coverage and higher limits to fully protect the higher-value property and belongings. Most high-value policies have open perils coverage, so any losses that are not specifically excluded in the policy are covered. Pursuing a luxury property insurance policy can give luxury homeowners peace of mind that their valuables are protected.
Benefits of Choosing an Independent Insurance Agency
If you own a luxury property, you want to ensure the insurance coverage you choose will provide the proper protection you need. The best way to find the proper policy at an affordable price is by choosing an independent insurance agency like Muller Insurance. Reasons to work with an independent agency like Muller Insurance include:
Vast Selection of Policies
One of the main benefits of working with an independent insurance agency is the wide selection of policies they can offer. Independent agencies work for the customer, not for insurance companies. This means they don’t have to stick with one carrier or only offer certain policies— they have the freedom to provide a selection of coverages from various companies to make sure their clients’ needs are met. This helps make sure you get the proper coverage and not just the most ideal option that one company offers. Independent agencies can find the right policies for you from different insurance companies so you can tailor your coverage with policies from different carriers for the most complete protection.
Muller Insurance partners with over 25 leading insurance companies, so we can offer our clients the widest range of coverage available. Say you’re looking at a high-value home insurance policy from Travelers but want a supplemental flood insurance policy, too. We can offer that additional policy with one of our leading flood carriers such as Wright Flood.
Customized Service
Another benefit of working with an independent agency is the customized service you get. Rather than a captive insurance agency that can offer only its own company’s products and may not be able to tailor them, an independent agency can personalize each insurance solution to fit the client’s specific needs.
At Muller Insurance, we don’t believe in insurance that is one size fits all. We develop personal relationships with our clients, listen to their wants and needs, and work with them to identify the best coverage options. Our team can also assess clients’ existing coverage and suggest the best policies for their needs.
Independent Advice
Getting independent advice is another reason to choose an independent insurance agency. Captive insurance agents can only sell their own company’s products and may even earn commissions based on selling them, which may mean you don’t get the best policies for your needs. At Muller Insurance, we only recommend policies that have your best interest in mind. Since we are not committed to a single company, you have access to vast coverage options for your luxury property. We’ll work with you to find the right one, whether it’s Chubb’s Masterpiece Homeowners policy from Chubb Insurance, the high-value homeowners’ policy from Travelers, or a range of policies from various companies for customized coverage that meets your specific needs.
Better Value
Another benefit of choosing an independent insurance agent is the value it provides. When you work with a captive agency, the prices are set and can’t be negotiated by looking at other providers. Independent agencies can shop for quotes from multiple companies, helping you find the best coverage at the best value.
At Muller Insurance, we will speak to several insurance companies to determine the best deals before suggesting policies. We also look for bundling opportunities to save you money.
Get Your Luxury Property Insurance Through an Independent Agency Like Muller Insurance
To get the benefits of working with an independent insurance agency, trust Muller Insurance for your luxury property insurance needs. We have built a strong reputation for providing outstanding customer service, great values, and vast coverage options for our clients in New York, Connecticut, Pennsylvania, Nevada, and other states. To discuss your coverage options or learn about pricing, contact us or get a quote today.
