Luxury homeowners in high risk areas now have a new option when seeking to protect their properties. Willis Programs’ new offering, VIPHomeGuard, will provide customized coverage to homes valued in excess of $500,000 that are subject to unique risk exposures. These homes will likely include coastal locations, mountain properties, lakeside residences, high-rise condominiums and town homes, as well as any other settings that are considered to be high risk.
Coverage available through VIPHomeGuard includes dwelling, other structures, personal property, loss of use/fair rent, personal liability, earthquake, builders risk, inland marine, medical payments, excess wind and excess flood.
According to David Hampson, REO and North American Programs Practice Leader for Willis, said that VIPHomeGuard complements the firm’s MountainGuard program for ski areas and ResortGuard program for hotels and planned communtiy associations.
“We are looking forward to working with our large existing agency and brokerage network to provide yet another first class risk solution,” he said.
Willis’ Programs Practice, headquartered in Portsmouth, New Hampshire, offers niche market specialty insurance programs utilizing a number of insurance company providers. Distribution is through appointed broker agencies located in the U.S. and Canada. Other programs managed and underwritten through this facility include MountainGuard (ski areas/resorts), ResortGuard (destination resorts/hotels and planned community associations) and LawyerGuard (lawyers professional and defense attorneys professional) EducationGuard (public and private schools K-12; community colleges).
Additional information on Willis may be found on its web site www.willis.com.
Was this article valuable?
Here are more articles you may enjoy.