Who is Vault Insurance?
Vault Insurance, which launched in 2017, is targeted toward high net-worth individuals. This company currently provides insurance coverage for high-value homes and personal excess liability coverage in Florida and South Carolina. It plans to add other products and expand to all 50 states as rapidly as possible. The company targets homes starting at around $750,000, but according to the Insurance Journal, its sweet spot is properties starting at $3 million.
What coverages does Vault provide?
Vault advertises thoughtful service and personalized coverage. Coverage options are customized to include higher policy limits and broadened coverage. This modern approach helps the company outperform industry veterans and traditional insurance coverage. One of the options it offers is flexible claim settlement. Policyholders have the option of having the company pay to have your home rebuilt in the event of a claim or receive a cash settlement for the full cost of damages up to the policy's limits with no obligation to replace or rebuild the home.
Vault also has higher deductible options up to $250,000. Plus, it offers a large deductible waiver where if you have a deductible of less than $25,000 with a covered loss that exceeds $50,000. Additionally, Vault Home Complete automatically includes a $50,000 sub-limit for damaged, lost, or stolen jewelry. They aim to be a different provider of insurance than you may be used to.
For a full list of services and to see how this business takes care of customers, you can check out the website. On the site, you can compare costs, connect with agents, request a quote, and more. Existing customers can save time by going online to make their payment each month and they can also use the online portal to file a claim, view their policy, and more.
Who founded Vault Insurance?
Vault Insurance was founded by former AIG executives, including Charles Williamson, the former president of AIG Private Client. The leadership team now includes Charles Williamson, Stephen Bitterman, Nick Muqtadir, and other veterans of the insurance industry.
