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COVERIT COVERAGE GUIDE

What are you protecting?

Insurance is about more than selecting a policy. Understanding the risks surrounding your home, business, assets and lifestyle can help you make more informed decisions about the protection you may need.

PERSONAL INSURANCE

Protection for the life you’ve built.

Open any category below to explore a common exposure, the coverage that may be relevant and why the issue deserves consideration.

01
Home & Property
The Risk

Damage to your home

Fire, severe weather, theft and other events may result in significant damage to your home, belongings or additional structures.

Coverage To Consider

Homeowners Insurance

Homeowners coverage can include protection for the residence, personal property, additional living expenses and personal liability.

Why It Matters

Rebuilding can be costly

Construction costs and replacement requirements can change over time, making appropriate limits an important part of a coverage review.

02
Auto
The Risk

Accidents & liability

A serious automobile accident can involve vehicle damage, medical expenses and significant liability to others.

Coverage To Consider

Personal Auto Insurance

Depending on the policy, protection may include liability, collision, comprehensive, uninsured motorist and other available coverages.

Why It Matters

Liability can exceed vehicle value

The financial exposure from an accident may extend well beyond the cost of repairing or replacing the automobile itself.

03
Flood
The Risk

Rising water

Heavy rain, coastal conditions and other flooding events can cause substantial damage to a residence and personal property.

Coverage To Consider

Flood Insurance

Flood coverage is generally separate from a standard homeowners policy and may require its own policy or coverage arrangement.

Why It Matters

Homeowners may not cover flood

Understanding where flood protection comes from can help avoid assuming that every type of water damage is handled the same way.

04
Jewelry & Valuables
The Risk

High-value personal property

Jewelry, watches, artwork and collections may exceed ordinary policy sublimits or require specialized valuation.

Coverage To Consider

Scheduled Valuable Articles

Certain valuables may be individually scheduled or insured under specialized valuable property coverage.

Why It Matters

Standard limits may be insufficient

A homeowners policy may contain limits for certain classes of valuable property.

05
Boat & Watercraft
The Risk

Damage & marine liability

Watercraft ownership can create risks involving physical damage, passengers, other vessels and third-party liability.

Coverage To Consider

Watercraft Insurance

Specialized boat or yacht coverage can address exposures associated with ownership and operation.

Why It Matters

Marine exposures are different

Boats and yachts can present specialized risks that may not be appropriately addressed by ordinary property coverage.

06
Personal Liability
The Risk

A major liability claim

Serious accidents or allegations of negligence can create liability that exceeds the limits of an underlying home or auto policy.

Coverage To Consider

Umbrella / Excess Liability

Umbrella or excess coverage may provide additional liability limits above certain underlying policies, subject to policy terms.

Why It Matters

Assets deserve broader protection

As assets and financial responsibilities increase, liability limits deserve greater attention as part of the overall insurance picture.

BUSINESS INSURANCE

Protect the business you’re building.

A business can face risks involving property, operations, employees, vehicles, customers, technology and professional responsibility.

01
Commercial Property
The Risk

Damage to business property

Buildings, equipment, inventory and furnishings may be damaged by fire, weather, theft or other events.

Coverage To Consider

Commercial Property

Commercial property insurance may help protect insured buildings, contents and business property, subject to the policy.

Why It Matters

Property supports operations

Physical assets are often essential to keeping a business operating after a covered loss.

02
General Liability
The Risk

Claims by third parties

Customers, visitors and others may allege bodily injury, property damage or other covered harm associated with business operations.

Coverage To Consider

Commercial General Liability

General liability insurance can provide important protection for certain third-party claims.

Why It Matters

Liability can be significant

Even one substantial claim can create legal expenses and financial exposure for a business.

03
Commercial Auto
The Risk

Vehicles used for business

Business-owned or business-operated vehicles may create property damage and liability exposures.

Coverage To Consider

Commercial Auto Insurance

Commercial auto coverage may address vehicles, drivers and liability associated with business use.

Why It Matters

Business use changes the exposure

Personal auto coverage may not be appropriate for every type of business vehicle or commercial use.

04
Employees
The Risk

Workplace injuries

Employees can suffer injuries or illnesses connected to their work.

Coverage To Consider

Workers' Compensation

Workers' compensation can provide benefits associated with qualifying work-related injuries, subject to law and policy terms.

Why It Matters

Employees are a core business asset

Employers also need to consider statutory requirements and the financial consequences of workplace injuries.

05
Cyber Risk
The Risk

Data & technology incidents

Data breaches, ransomware, fraudulent transfers and technology disruptions can affect businesses of many sizes.

Coverage To Consider

Cyber Insurance

Cyber coverage may address certain first-party and third-party costs associated with covered cyber incidents.

Why It Matters

Technology creates new exposures

Even businesses without large IT departments may store sensitive information or depend heavily on digital systems.

06
Professional Liability
The Risk

Errors in professional services

A client may allege that professional advice, services or omissions caused financial harm.

Coverage To Consider

Professional Liability / E&O

Errors and omissions coverage may respond to certain allegations involving professional services, subject to policy terms.

Why It Matters

General liability is different

Professional service claims may require specialized coverage beyond ordinary commercial general liability.

PRIVATE CLIENT INSURANCE

Protection for a life that requires a broader view.

Distinctive assets and more complex lifestyles can introduce exposures that benefit from coordinated, higher-limit or specialized insurance solutions.

01
Distinctive Homes
The Risk

Specialized rebuilding needs

Custom construction, architectural features and premium materials may create more complex replacement requirements.

Coverage To Consider

High-Value Home Coverage

Certain insurers offer policies designed specifically for higher-value and distinctive residences.

Why It Matters

Market value and replacement cost differ

The amount required to properly reconstruct a distinctive home may not track its real-estate market value.

02
Luxury & Collector Vehicles
The Risk

Specialized vehicle values

Luxury, exotic and collector vehicles may have specialized repair, valuation and parts considerations.

Coverage To Consider

Specialized Auto Coverage

Depending on the vehicle and insurer, specialized auto or collector vehicle coverage may be appropriate.

Why It Matters

Not every auto policy is alike

Claims handling, valuation and repair provisions can be especially important for distinctive automobiles.

03
Fine Art & Collections
The Risk

Unique or appreciating assets

Fine art, jewelry, watches, wine and collections may require specialized valuation and protection.

Coverage To Consider

Valuable Articles Coverage

Specialized valuable property coverage can provide broader protection for certain scheduled assets.

Why It Matters

Values change over time

Regular reviews and updated appraisals may be important for certain high-value property.

04
Yacht & Watercraft
The Risk

Complex marine exposures

Larger vessels can present specialized risks involving navigation, crew, equipment, liability and physical damage.

Coverage To Consider

Yacht Insurance

Yacht policies may be designed for larger or more complex vessels and their associated exposures.

Why It Matters

Marine risks require expertise

Vessel size, use, navigation territory and other factors can materially influence coverage needs.

05
Broader Liability
The Risk

Higher financial exposure

Significant assets, multiple residences, household employees or other lifestyle factors may increase liability exposure.

Coverage To Consider

Umbrella / Excess Liability

Higher personal liability limits may be available above qualifying underlying policies.

Why It Matters

Protection should reflect exposure

Liability planning becomes increasingly important as assets and responsibilities expand.

06
Multiple Residences
The Risk

Overlapping exposures

Primary, secondary and seasonal homes may create different occupancy, property and liability exposures.

Coverage To Consider

Coordinated Property Coverage

Multiple residences can be reviewed together to help coordinate property and liability protection.

Why It Matters

Policies should work together

Looking at each residence in isolation can make it harder to identify gaps or inconsistencies across the overall insurance program.

MORE THAN THE PRICE OF A POLICY

Start with the risk. Then consider the coverage.

Price matters, but price alone does not tell you whether an insurance program is appropriate for what you are trying to protect.

A thoughtful review considers the exposures, available limits, policy structure and how individual policies may work together.

I
Understand the exposure Begin by identifying what could create a meaningful financial loss.
II
Review existing protection Consider what your current policies address, where limits apply and where gaps may exist.
III
Consider how policies interact Home, auto, umbrella, business and specialty policies should not always be viewed in isolation.
IV
Review as circumstances change New assets, vehicles, properties, employees and business activities can change the risk picture.
COMPLIMENTARY PROTECTION REVIEW

Not sure where to start?

Tell us what you are protecting. We can have a complimentary conversation about your current insurance, your priorities and areas that may deserve a closer look.

This coverage guide is provided for general educational purposes and does not describe every risk, coverage, exclusion, condition or limitation. Coverage varies by insurer and policy. No insurance coverage is bound, changed or cancelled by use of this website or by requesting a review. Actual coverage is governed by the applicable policy terms and conditions.