(MENAFN- GlobeNewsWire - Nasdaq) Akron, Ohio, March 21, 2024 (GLOBE NEWSWIRE) --
In response to the increasing need for specialized insurance coverage amongst high net worth individuals, The Allen Thomas Group has upgraded its High Value Homeowners Insurance. The updated coverage now caters to high-end properties with replacement cost values of $1,000,000 and above. This new initiative provides a vital layer of high-level protection for estates and precious assets that are often not included in standard homeowner's insurance plans.
The upgraded High Value Homeowners Insurance coverage offered by The Allen Thomas Group originates from a thorough study of the unique needs and potential risk factors associated with its high net worth clientele. The insurance packages provided surpass traditional homeowners insurance by considering the distinctive structure, landscaping, valuable assets, and costly personal items typically housed in these properties.
Joe Race, the CEO of The Allen Thomas Group, expressed his views on the enhanced offerings, saying, "We recognize that individuals with high net worth have estates and assets that require more personalized and extensive coverage. This improved High Value Homeowners Insurance helps protect their considerable investments. The initiative not only enables us to better serve individual homeowners but also allows us to apply our expertise by collaborating with money managers to devise a comprehensive risk management strategy."
The newly advanced insurance packages are fully equipped to meet diverse needs. They include water backup coverage that protects against damage resulting from water or sewer backup and landscaping coverage for costly decorative trees and shrubs. Identity theft coverage provides security against potential financial loss due to identity theft while jewelry coverage protects high-value jewelry items. Moreover, the policy offers flexible repayment schemes to adjust to each policyholder's financial circumstances.
In collaboration with the reputable insurance provider Cincinnati Insurance, the offerings include features like a 200% Reconstruction Cost, which can pay up to double the coverage amount to rebuild the home following an insured loss. Replacement Cost coverage applies to personal property, regardless of depreciation and benefits such as Water Damage coverage, Additional Living Expenses if the house is uninhabitable due to an insured loss, Identity Theft coverage, and Wildfire Protection Service.
Speaking more about this strategic collaboration, Race stated, "This partnership with Cincinnati Insurance broadens our capacity to serve more wealthy homeowners. At The Allen Thomas Group, we're committed to understanding individual needs and finding the best price and coverage for each. Our independence enables us to design customized, comprehensive insurance solutions from various offerings, positioning us as the go-to agency for High Value Homeowners Insurance."
The Allen Thomas Group demonstrates its commitment to its clients' ongoing education, in addition to offering extensive insurance coverage. A wealth of resources, including business insurance tips and updates, personal insurance tips and news, answers to insurance industry questions, and a business insurance glossary, are readily available to clients. This empowers them to stay informed about the latest market trends, industry news, and other crucial insurance-related information. For more information on the benefits and services provided by The Allen Thomas Group, please visit their website.
The enhancement to The Allen Thomas Group's High Value Homeowners Insurance coverage solidifies the firm's commitment to being a leader in independent insurance services. The company stands out for its proactive responsiveness to client needs and its dedication to providing superior service. Through these strong and personalized protections, The Allen Thomas Group continues to strengthen its impressive reputation in the insurance marketplace.
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For more information about The Allen Thomas Group, contact the company here:
The Allen Thomas Group
Joe Race
(440) 826-3676
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453 S High St Ste 101, Akron, OH 44311
CONTACT: Joe Race
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