High-net-worth individuals often underestimate the value of their jewelry collection. Often, people do not think of jewelry as an investment, but view the purchase through an emotional lens. As more pieces are accumulated, the value of the collection can be quite significant. As a collection grows in value, it is important to review how you are safeguarding this asset.
Americans insure their health, their homes, their cars, and their lives, so why not their vacations? A study conducted by Princeton Survey Research Associates found that only 21% of respondents had ever purchased some type of travel insurance and only 7% said they purchase it regularly. Considering the wide array of product offerings and coverage options, this relatively unknown and underutilized market segment may be more useful than it appears.