| COVERAGE FEATURE | WHAT IT MEANS | WHY IT MATTERS |
|---|---|---|
| "All-risk" Coverage | Protects against property damage or loss regardless of cause, unless specific exclusion applies, for dwelling, other permanent structures and contents of the residence | Broadest coverage in the industry |
| Guaranteed Rebuilding Cost for Dwelling | No caps or limitations for rebuilding both the dwelling and other permanent structures at the current location | Rebuild to match exceptional building quality, even when policy limits are exceeded |
| Replacement Cost for Contents | Damaged personal property in the home can be repaired or replaced with new item(s) | Reimburses up to the coverage limit without depreciation |
| High Deductible Options | Various deductible options are offered up to $500,000 | Assuming more of the up-front risk can result in meaningful premium savings |
| Additional Living Expense and Fair Rental Value | Coverage for necessary increases in living expenses incurred when the home is uninhabitable due to a covered loss; includes loss of income if the home is rented | You can maintain a comparable standard of living while displaced from the home |
| Contents Away from Premises | Worldwide coverage for personal property away from the insured residence | Covers a loss to contents of an AIG Private Client Group insured property while the contents are away from the insured residence |
| Building Ordinance Increased Costs | Pays for required upgrades to satisfy local building ordinances when rebuilding property damaged by a covered loss | Accounts for mandated increases and rebuilding costs |
Homeowners Insurance
We provide comprehensive "all-risk" coverage specifically designed for the high net worth client. Policy enhancements include guaranteed rebuilding cost, no depreciation for contents losses, and cash settlement options.
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Optional Coverage
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| COVERAGE FEATURE | WHAT IT MEANS | WHY IT MATTERS |
|---|---|---|
| Equipment Breakdown | Covers the cost to repair or replace covered critical home equipment that has suffered sudden and accidental mechanical breakdown; Limits available from $50,000 - $250,000 | Homes today are being built with more mechanical, electrical and electronic equipment than ever before. The Equipment Breakdown endorsement covers the repair or replacement of critical home equipment due to breakdown |
| AIG Fraud SafeGuard® | Responds to Stolen Identity Events, ATM Robbery, and Fraud, Embezzlement and Forgery; cover provides identity restoration services; limits available in increments of $5,000 - $100,000 | The possibility of personal financial loss can come in many forms: identity theft, investment schemes, dishonest advisors, forgery, etc. |
| AIG Household SafeGuard SM | Covers up to $250,000 for expenses incurred following a traumatic covered loss, such as kidnapping, child abduction, home invasion, violent threat, stalking, car-jacking or hijacking; sub-limits may apply | AIG Household SafeGuard goes beyond property protection; it responds to physical and mental recovery following a traumatic covered loss |