Private Client Insurance

At Doeren Mayhew Insurance Group, we treat every client with the utmost care and attention. However, we know high-net-worth individuals have unique exposures and needs that require specialized expertise. Our experienced insurance professionals provide white glove service to understand your needs and determine the best-customized insurance solutions.

From business coverage to safeguard your personal assets, we are here to ensure you and your family are protected. Whether you are looking to proactively secure yourself from potential loss or need to make a claim, Doeren Mayhew Insurance Group is ready to assist you.

Private Client Services

Homeowners Insurance

Homes with higher values often require more attention than your typical dwelling. These unique settings often require coverages above and beyond a standard policy. Whether your home has a fully-finished custom basement, a luxury pool, and patio, or a large detached garage with a classic car collection, our professionals can guide you in finding coverage that more than adequately protects all of your belongings.

In the event of a total loss, coverages known as Guaranteed Replacement Cost or Extended Replacement Cost become extremely important for properties over a certain value. These coverages ensure that your home’s reconstruction cost is fully covered no matter how bad inflation costs, supply chain issues, or labor shortages are — which can often exacerbate the cost of replacing an expensive home.

There are also several additional coverages that should be considered on your homeowner’s policy, if your home is of higher value, such as

  • Water Backup Coverage
  • Service Line Coverage
  • Equipment Breakdown
  • Ordinance or Law Coverage

Working with a knowledgeable agent to build a customized plan with a variety of coverage options will ensure your real estate investment and personal belongings are protected. At Doeren Mayhew Insurance Group, our agents have the experience to address your family’s unique needs, making sure that you’re protected from common exposures and unexpected losses.

Auto Insurance

High-net-worth clients often have more vehicles than the average household. These may also include higher-value daily use vehicles, as well as collectible classic or luxury cars that are used on special occasions or for corporate events.

Having access to specialty insurance carriers that can take care of these unique needs is important. These carriers can often offer more coverage at a lower premium cost while offering a dedicated claims team that is accustomed to working with high-value and specialty vehicles.

In addition to specialty coverage, high-net-worth clients often require higher liability limits on their vehicles, including higher bodily injury and under/uninsured motorist limits. Coverage limits should not be overlooked, and as such we recommend working with your private client agent to determine the liability coverage limits that work best for your unique situation.

Jewelry, Fine Art, Furs & Other Valuables

Coverage for jewelry, fine art, and any other personal valuable articles should be considered carefully when selecting insurance coverage. Many times, collectibles and valuables require specialized coverage, appraisals, and underwriting considerations. Working with an experienced insurance team will ensure that your belongings are not only properly covered, but will also ensure a smooth claims process should an issue ever arise. Whether you own a unique historic piece, a collection of family heirlooms, or a newly purchased high-value fur, our insurance team can work with you directly to select coverages that work for your unique belongings.

Excess Liability & Umbrella

With the highly litigious environment that we live in, it’s not uncommon to have unforeseen exposures that your other policies do not adequately cover. An umbrella policy is one of the most effective ways to protect yourself and your family from excess liability.

While your homeowners, auto, and other insurance policies have liability limits up to a certain amount, an umbrella policy sits above your other policies, providing extended liability protection up to an additional coverage limit.

In the event of a claim that exceeds your policy’s coverage limit, your umbrella policy would serve as backup coverage. Umbrella policies offer important, invaluable coverage against unforeseen personal injury, property damage, or other claims to protect your assets and financial wellbeing.

Yachts, Boats & Airplanes

Great hobbies are what can give us some of the most joy in life. But it is important that these “riskier” hobbies are properly protected.

Large watercraft and airplanes will require specific policies and attention, due to the unique risks. Experienced agents that frequently work with this type of coverage will help make the process much smoother.

Business Liability Insurance

Many high-net-worth clients own their own businesses. Making sure that any overlap between your business and personal life is considered when it comes to your insurance policies will go a long way toward ensuring adequate liability protection.

For many business owners, their company is a huge part of their life. It’s important to consider your business exposures and how they may impact your personal life if they are not properly covered. For example, several types of optional insurance policies, such as Employment Practices Liability, Cyber, Directors & Officers Coverage, and Fiduciary Liability, will cover claims that are typically not covered under a business’s general liability policy.

We pride ourselves on taking a holistic approach to our clients’ coverage needs. Many times people will think singularly about their personal and business exposures, but it is much more beneficial to coordinate these coverages to protect against litigation and other potential losses.

Life Insurance

Life insurance carries the utmost importance for every family, but especially for those with a high net worth. Having the proper life insurance policies in place to make sure that your family is taken care of after you are gone is the most selfless thing you can do.

Our team of life insurance advisors will work with you individually to ensure that all circumstances are considered while putting proper life insurance plans into place.

Business Succession Planning

The idea of having your business continue on without you is something that many people don’t want to think about — but is a real threat that needs to be considered.

Succession planning allows for the proper transition to take place, backed by specific life insurance and partnership agreements. This ensures that the business can continue to operate normally in the event of your death or incapacitation.

Disability Insurance

Your ability to earn an income is your greatest asset. Protecting this asset with disability insurance is often overlooked, but hugely important. You are much more likely to become disabled than you are to pass away prematurely. As such, having a disability insurance policy in place allows you to have a safety net should you be unable to work for any reason.

Schedule a Consultation

As a high-net-worth individual, there are many things to consider when it comes to insurance coverage. Making sure that you and your family are protected is one of the most important things you can do, and is our single most important goal as your insurance advisor.

See how our holistic approach can bring you peace of mind — and so much more. Schedule a consultation with our Private Client division today.

Pat Grima
Benefits Account Specialist
Direct: (248) 203-6314
Office: (248) 290-0650


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