Insurers Offer New Policies for the Wealthy

Insurance companies say providing coverage to the rich is a fast-growing business that is benefiting in part from a trend to build large houses filled with costly fixtures and specialized collections, such as jewels, antique guns and wine. Specialized insurers typically have higher coverage limits and cover more events -- often paying the entire cost of rebuilding a luxury home. And as individuals' net worths increase, so does their demand for excess liability coverage, which protects assets from personal-injury or property-damage lawsuits, above the liability limits set by home and auto policies.

Insurers Offer New Policies for the Wealthy
Source: Wall Street Journal Online (subscription required)