AIG Private Client Group to offer yacht insurance
NEW YORK, N.Y. – AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), has introduced yacht insurance for high net worth individuals, the company reported in a recent statement.
AIG Private Client Group’s yacht offering provides customized coverage selections, including flexible deductible options. Additional product features include the capability to provide worldwide property and liability coverage; large limit coverage capacity; and access to AIG Private Client Group’s concierge level claim services, according to AIG.
Yacht insurance is part of a growing list of personalized products offered through AIG Private Client Group.
“We have responded to a significant demand for homeowners and excess liability coverage among high and ultra-high net worth clientele and will continue to provide coverage options that meet this market’s evolving insurance needs,” said Ross Buchmueller, president, AIG Private Client Group. “To this end, because many of our insureds own yachts, we are pleased to provide them with a meaningful insurance solution.”
AIG Private Client Group offers insurance products and risk management services intended to enhance protection and help minimize threats to the personal wealth and safety of high net worth clients and their families. Insurance product offerings, underwritten by member companies of American International Group, Inc., include automobile, homeowners, private collections, excess liability, excess flood, kidnap and ransom, aviation and yacht coverage. In addition to a comprehensive portfolio of products, AIG Private Client Group provides access to art collection management, security and residential services.
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