High Net Worth Insurance in Burlington
Specialized coverage for luxury homes and collectibles
Burlington is a place of nature with charming lakefront views and exceptional green spaces that make it an attractive destination for those seeking a high quality of life.
At Affiliated Insurance Management, we understand that living in Burlington means your property is more than just a home; it’s a significant part of your investment portfolio and a reflection of your success. That’s why High Net Worth Insurance in Burlington is designed to provide the elevated protection your assets deserve.
Many of our clients also view this protection as part of their investment selection — a way to invest in long-term financial security with lifestyle value, leading to their success.
GET A QUOTEWhy Choose Affiliated Insurance Management in Burlington?
Customized Plans, No One-Size-Fits-All
We believe that there’s no one-size-fits-all, so our team of professionals works hard to provide you with a specialized, confidential plan that suits your luxury lifestyle. Each plan is built to fit your financial goals and support your investment plans, keeping your insurance and wealth protection working together.
Personalized Coverage for Burlington Homeowners
At Affiliated Insurance Management, we know what matters most to Burlington homeowners. That’s why we work with trusted insurers who share your goals and bring the experience needed to protect a high-net-worth way of life. Our approach goes beyond coverage — it aligns your insurance choices with your long-term investment strategies to safeguard everything you’ve built.
Accessible Support, When You Need It
Our support doesn’t stop at your policy. As your investments grow or your lifestyle changes, we’ll guide you to keep your coverage aligned with your goals and financial plans. You can count on us to make sure your protection evolves as your wealth does.
Who needs High-Net-Worth Insurance Solutions in Burlington?
You don’t have to be a billionaire to be a high-net-worth individual. Here are the factors that make you a perfect high-net-worth insurance candidate in Burlington:
- High-Net-Worth Individual: Has at least $1 million in liquid assets from cash, stocks, or investments.
- High-Value Homeowner: Owns a luxury or a custom-built residence with a value of at least $1.5M rebuilding cost or more.
- Valuables Collector: Has significant valuables like classic cars, fine art, jewelry, yachts, and collectibles.
- Multiple-Residence Owner: Maintains a vacation and primary property that need equal protection under one property insurance plan.
- Secondary Homeowner: Owns outbuildings such as guest houses, pools, garages, or garden sheds.
- Additional Coverage: Extra protection for your high-value home, including liability coverage and security for historical buildings that require careful restoration to their original state.
Such high-value homes and valuable assets need more than basic insurance solutions. Your choice of personal insurance policy should be based on higher means of protection and align with your investment products, retirement planning, and long-term wealth goals.
What Types of Coverage Do High-Net-Worth Individuals Get?
- Luxury Property Insurance Coverage
High-value home insurance provides exclusive protection for properties with higher rebuild costs. Such luxury homes often have valuable collectibles, custom finishes, and designer décor.
This customized coverage provides what standard home insurance policies don’t, ensuring your luxury home is restored to its original condition in case of loss or damage. It also covers your high-value items and provides customized solutions for risk checks and claims.
- Fine Art Insurance
Fine art insurance secures your valuable paintings, sculptures, and other luxurious collectibles. It protects your items from theft or loss.
In case of damage, it takes depreciation into consideration and can provide restoration benefits. Certain policies adjust your coverage if the artwork value rises after the death of an artist.
- Jewelry Insurance
Jewelry insurance covers your exquisite rings, timeless watches, and heirlooms. You may face accidental and mysterious disappearances, theft, or losses that standard insurance solutions cannot cover.
In these cases, your policy requires an expert evaluation to determine the true value of your item. That way, the insurance company can offer coverage that reflects the full value of your lost or damaged piece.
- High Content Insurance
High content insurance provides full protection to your high-end furniture, designer décor, electronics, antiques, and valuable collectibles, which standard insurance plans can’t provide.
Your valuable pieces are insured for their full value, protecting you from risky events like theft, accidental damage, or fire. Keeping your valuations up to date makes sure your coverage matches each item’s worth for potential tax implications.
- Personal Cyber Insurance
Personal cyber insurance covers financial losses caused by cyberattacks, identity theft, or online fraud, such as phishing and unauthorized bank/card transfers. It offers the right coverage for cyber liability in case of a data breach, for example.
These customized policies cover the cost of restoring personal data and repairing reputation harmed by cyberbullying.
- Classic Car Insurance
Classic car insurance offers higher security than regular auto insurance. It is for the high-net-worth clients who own classic collectibles or vintage cars.
It protects your car from depreciation and maintains its real value. This policy coverage also extends to restoration, transport, and limited-use driving.
- Boat Insurance
Boat insurance offers coverage for boats, yachts, and personal high-value watercraft — on water and during storage or transport. It goes beyond standard boat insurance by offering broader coverage, higher limits, and customized service.
It secures your boat from physical damage, like repairing accidents caused by collision or vandalism. It also protects your boat from theft and liability, in addition to covering personal belongings such as fishing gear or water sports equipment kept on board.
- Travel Insurance
Travel insurance is for high-net-worth individuals or families who are frequent travelers. Standard insurance coverage doesn’t provide this high level of protection for such luxury lifestyles.
It includes covering travel delay and trip cancellation costs due to unforeseen events, medical emergencies that happen abroad, and lost baggage protection for high-end items.
- Life Insurance
Life insurance is customized insurance for individuals with valuable assets or income, providing numerous benefits for their families. It helps protect your family’s financial future, support estate planning, and preserve your wealth across generations.
What is the cost of High-Net-Worth Insurance?
Average Cost Range in Burlington
In the Burlington area, insurance for a $2M luxury home typically ranges from $2,000 to $5,000 annually. while exotic or collector cars under auto insurance cost range from $3,000 – $8,000 or more per year.
For fine art and collectibles, costs average 1–3% of the item’s value per year. For example, if an antique collection is valued at $100K, the annual insurance premium will range from $1,000 to $3,000. These are estimated prices; it’s better to contact an insurance professional for accurate quotes.
Several factors affect the cost of high-net-worth insurance, which makes it difficult to offer an exact estimate. Premiums often depend on the location risks, replacement cost, coverage limits, and the value of contents.
Why High Net Worth Insurance is Worth It?
- High-Net-Worth Insurance Vs Standard Insurance
Unlike the one-size-fits-all standard insurance policy, high-net-worth insurance plans expand to cover your luxury assets. Here are the common features for high-net-worth insurance:
- Coverage Value
Ensures covering your luxury homes, collectible cars, and valuable collections that are worth millions. It protects all your luxury assets, while standard insurance policies cover average-value assets.
- Policy Limits
Offers higher limits and specialized options, like guaranteed replacement cost, covering full rebuilds or repairs for luxury homes—unlike standard policies with lower, set limits.
- Agreed-Value Protection
Protects your high-end items, such as jewelry, antiques, or collectibles, maintaining their agreed value, not a depreciated price in case of theft, loss, or damage. Standard policies use actual cash value (minus depreciation).
- Included Items
Extends beyond property and auto insurance; it includes your jewelry, art, and collections, which standard insurance policies often have limits or exclude them.
- Claims Handling
Unlike standard insurance policies that follow general service processes, high-net-worth individuals receive high-priority, concierge-style, and personalized claims service. A team of specialists provides the most suitable and specialized restoration plans.
- Global Coverage
Extends local coverage to include worldwide incidents while traveling or hosting events, adapting to the international market. It also offers personal umbrella liability up to $5M or more, covering lawsuits for defamation, libel, or issues involving domestic staff—protection that standard liability doesn’t provide.
- Custom Policy
You receive a specialized policy customized to your wealth, lifestyle, and needs. You can have a bundle that includes your multiple homes, like the vacation, rental, and primary home, while covering your high-end vehicles like cars, boats, and yachts.
- Premiums
High-net-worth insurance does cost more than a standard policy, but you’re paying for broader coverage and a higher level of service. It’s built to protect valuable homes, cars, and collectibles that regular insurance simply doesn’t cover.
You are one step away from protecting your well-earned valuables. Contact Affiliated Insurance today and choose the coverage that suits your wealthy lifestyle.
Our High Net Worth Insurance Service Areas
High-Net-Worth Insurance, Burlington – FAQs
In Canada, people with over $30 million in liquid assets such as investments, business holdings, or financial products are considered extremely high-net-worth. They need customized high-net-worth insurance and financial planning to protect and preserve their wealth.
Yes. In Burlington, standard policy limits are insufficient to cover a $2 million-value home. High-net-worth insurance protects your property as a key investment, covering the full rebuild cost, luxury finishes, and higher liability risks that regular insurance products may not include.
Yes. It covers high-quality materials and custom designs are covered at their full replacement value, so your home can be restored exactly as it was — never with lower-quality options.
Get a Quote
Reach out to Affiliated and start protecting your valuable assets today!