Insurance For High Net Worth Individuals
Personal Insurance; A safety Net For High Net Worth People
There are many benefits to having been blessed with wealth. You may have a vacation home, boat, plane, or get to travel the world. But individuals with high net worth have increased risks that need to be managed. Personal insurance policies created for high net worth individuals can have much higher limits than average policies, providing the adequate coverage high net worth individuals need for more expensive homes and automobiles, as well as valuable collections, yachts, and aviation.

One-way, high net worth insurance responds to this challenge is by bringing multiple areas of coverage and expertise together into a comprehensive insurance solution based on your individual needs.  Many “standard” personal insurance policies have limitations that create the need for a different personal insurance approach.
We can offer specific coverage for the following risks:

• Foreign travel
• Expensive art or gun collections
• Expensive jewelry
• Private aviation
• A greater amount of cash in the home
• Expensive or custom vehicles
• Watercraft that are not covered under a normal policy
• Hired staff
• Custom homes with unique or one of a kind construction
• Homes in foreign countries
• Involvement in charities that create new risks
• Custom furniture or other personal items
• Imported fixtures

Affluent individuals often choose a personal umbrella policy, which provides expanded coverage and increased protection of their assets beyond what is provided under homeowner’s and auto insurance policies. Navigating the insurance maze can certainly be challenging. But it’s important to have the right amount of insurance coverage if you want to preserve the wealth you’re working so hard to build.

​Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving insurance customers since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. We are licensed in Texas, California and Missouri. 

We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.

Our team of agents works very hard to make sure your premiums are as competitive as possible. There are many ways in which we help our clients keep insurance costs down. We also believe that it is equally important to have the right kind of coverage that meets your needs at a competitive price. 

Are you paying too much for your personal insurance? If you believe you are paying too much for your current insurance coverage, then the following suggestions may help you save money:

Auto Insurance Savings Tips

Ask about discounts
Most insurance companies offer discounts. While the availability of discounts will vary depending on your insurer, where you live, and whether you meet eligibility, make sure to ask if there are any discounts you can take advantage of.

Drive safely
OK, this one is obvious but true. Drivers with no accidents, tickets, or insurance claims, almost always pay less for their auto insurance coverage.

Good Grades 
Most insurance companies offer discounts to student drivers who have good grades.

Remove or reduce coverage on older vehicles.
If your car is getting up there in age, you may want to think about dropping the collision or comprehensive coverage (or both) on your policy.

Bundle your Services with one Agent 
Bundling your home and auto with the same agent often provides efficiencies in time and money.
 
Home Insurance Savings Tips

Raise your deductible
A deductible is the amount of money that you are responsible for paying toward an insured loss. The higher your deductible, the more money you can save on your premium.

Make your home more secure
Invest in a home security system. Having a smoke detector, burglar alarm or deadbolt locks on your home can earn you a 5% discount, depending on your insurer.

Bundle your insurance
Bundling auto and home insurance with the same company typically saves you 5% to 15% on your homeowners premium, according to data from the Insurance Information Institute. Again depending on your insurer.
 
Make improvements to your home
Updating your roof, furnace, water heater, or windows can help reduce your insurance cost.

If you're a homeowner, your premiums could be quietly costing you more money than they should. The good news is that insurers provide relatively easy-to-obtain discounts that can shave money off your homeowner’s insurance premium.

Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving insurance customers since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. We are licensed in Texas, California and Missouri. ​
 

As a homeowner, you carry homeowner's insurance to protect yourself in case of damage to your home. A devastating storm can leave flooding waters, property damage, and personal injuries in its wake. Perhaps one of the least expected dangers that follow a storm is fraudulent contractors.

After recent storms and major disasters, a few unscrupulous contractors use a trick to defraud homeowners every year - convincing them to sign away their rights through an Assignment of Benefits (AOB) form.  Most contractors are professional, and will do what is right. But there are some who follow major disasters and try to take advantage of you.

A contractor or repair company representative will often tell you that an Assignment of Benefits or "AOB" form is necessary for them to do work on your home. They may promise it will make the process easier for you as it will allow them to "handle everything." They might even offer to lower or eliminate your deductible if you sign the form immediately.

Don't allow contractors to start work before the damage is assessed by your insurer. Most importantly, don't sign an AOB form. We are here for you and can help you navigate the claims process and avoid contractor abuse and fraud.

• Use well know contractors
• Ask for a written contract
• Ask to see proof of insurance and licensing from the contractor
• Make sure your agent and insurance company is involved. 
• Have your claims adjuster inspect all damage?

​Call our office for help, we are here to serve you. 

Do you want to start a home-based business? Having a home business of your own is a good way to make a living. Keep in mind that it there are risks involved. Most home-based businesses do not have the same risks as other businesses, including buildings, employees, production machinery, and a fleet of vehicles. 

However, home-based businesses do have many risks that need to be considered.
​
Do Some Pre Planning

• Check with your local zoning to see if home-based businesses are allowed
• If you are planning on having customers visit your home, you may need special permits.

Home Based Business Risks Can Include

• Product liability
• Professional Liability
• Injury or damage to customers
• Auto accidents
• Disability
• Cyber breach
• Property loss and damage
• Crime and dishonesty
• Cyber liability
• Web page copyright liability
• Employees or contractor’s issues

 
The key is to understand what these risks are so you can take the necessary actions to make sure that your business is protected. It’s important to carry the right commercial insurance to protect your business in case of an unforeseen event. Hire a reputable insurance provider to help you assess the potential risks and determine which types of policies meet your business needs. 

As an independent insurance agency we are affiliated with multiple industry-leading companies. It is these partnerships that allow us to provide our clients with better coverage at a competitive price. Our staff is knowledgeable and committed to providing a quality customer service experience to our valued clients.

We are prepared to help you manage all your business risks.

As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs.  Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well.  We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.