Cincinnati extends high-net-worth policies to two more states
High net worth individuals in Massachusetts and Washington can now benefit from Cincinnati Insurance's Executive Capstone coverage as the company rolls the high-earner policies across the states. The product is offered to clients with property valued at more than $1m and also covers yachts, high-end cars and collectors cars. Policyholders can opt for $50m umbrella liability, primary and excess flood, and family shield recovery expenses.
The Cincinnati Insurance company has expanded its Executive Capstone programme for high net worth personal insurance clients to Massachusetts and Washington.

The Executive Capstone programme offers cover features, limits, and options to tailor insurance for clients with homes valued at more than $1 million, yachts, high-end cars, collector cars and personal articles.

The programme includes options of up to $50 million umbrella liability cover, employment practices liability endorsement for umbrella liability, green coverage, primary and excess flood, and family shield recovery expenses.

Will Van Den Heuvel, senior vice president of personal lines, said; “even though Cincinnati Insurance is new to agents and policyholders in Massachusetts, enthusiasm for our Capstone product matches that of many Washington agents who have worked with our business insurance counterparts for the past decade.

“Continuing the steady roll out of this product suite across the country demonstrates our commitment to being a leader in the high net worth personal lines market place.”

Although Massachusetts is a new territory for the firm to expand operations into, Cincinnati said Washington agents and business policyholders have been serviced by the firm since 2007.