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Insurance perks for the 1 percent

Last updated March 31, 2015

Rich woman in hatThe more you own, the more you have to lose -- and the more complicated it is to insure it all.

For the wealthy, it's not just about insuring a house and a family sedan or worrying about run-of-the-mill threats like fire and theft. There are multiple houses, luxury cars, boats and collections to protect, as well as kidnappers and litigious opportunists to guard against.

"High net-worth people are also high-profile people," says Melissa Neis, vice president at Parr Insurance Brokerage in Chicago, an independent insurance agency that works with wealthy clients nationwide. "They're more of a target."

Several insurance companies specialize in serving the 1 percent -- ACE Group, American International Group Inc. (AIG), the Chubb Group of Insurance Companies, Crestbrook Insurance Co., Fireman's Fund Insurance Co. and Privilege Underwriters Reciprocal Exchange -- PURE. (ACE Limited, the parent company of the ACE Group, announced last year that it would acquire Fireman's Fund's personal insurance business in 2015.)

In exchange for the hefty premiums their clients pay, high-end insurers provide perks you can't get from Main Street insurance companies. Brokerages like Parr work closely with these companies and match wealthy clients with the policies and services they need.

Here are some of the insurance perks for the well-heeled:

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