Equal Chance of Being Over or Underinsured

Equal Chance of Being Over or Underinsured

  • As in 2010, about 30 to 40 percent of agents reported that clients likely had too much insurance for the other structures on their property (detached garages, swimming pools, fences, and so forth), minor losses (by carrying a deductible that was unnecessarily low), and the personal property in their home.
  • But almost the same percentage of agents said these areas were likely underinsured.

Better Protection Need Not Cost More

Because HNW families overlook many savings opportunities, most agents say they can typically rebalance their personal insurance program to achieve more effective protection without significantly increasing premiums.

  • Fully 51 percent said they typically reduce premiums by 5 percent or more when they place new clients with a carrier that specializes in serving HNW families (HNW-market carrier) and then rebalance the insurance program.
  • Another 12 percent of agents say they typically keep costs within plus or minus 5 percent.

The rebalancing involves a thorough review of the client’s assets and lifestyle to identify risks as well as an assessment of tolerance for those risks. The agent must also have access to a HNW-market carrier — a carrier that: 1) specializes in serving the needs of HNW families and 2) has the flexibility and breadth of coverages to make a customized approach possible.

Equal Chance of Being Over or UnderinsuredNew Index Tracks Overall Problem

As one way of quantifying and tracking the problem of overpaying and underinsuring, ACE has created an overpayingunderinsured index by adding together the three averages of coverages being underinsured, overinsured, and savings opportunities missed. The index climbed from 84.8 in 2010 to 93.5 in 2012.

An index of zero would suggest that no problem exists. An index of 30 would represent a reasonable amount of play between perfection and reality, allowing for 10 percent in each of the three averages. An index above 80 dramatizes the widespread problem of overpaying and underinsuring among HNW families who use massmarket carriers.

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Atlanta Homes for Sale

$289,000
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
900
SQFT
Lindsy #12
960 Taft Avenue NE
Atlanta, GA 30309
New Listing - a week online
$308,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
770
SQFT
Wilburn House #107
266 11th Street NE
Atlanta, GA 30309
$1,125,000
Multi-Family For Sale
Pending
0.075
ACRES
FULTON
COUNTY
968 Argonne Avenue NE
Atlanta, GA 30309
Midtown Subdivision
New Listing - a week online
$350,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,182
SQFT
Park Gate #101
1078 Piedmont Avenue NE
Atlanta, GA 30309
$262,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
895
SQFT
Piedmont Park West Lofts #104
1029 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - 4 weeks ago
$425,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,237
SQFT
Piedmont Park West Lofts Condo #201
1029 Piedmont Avenue NE
Atlanta, GA 30309
$419,900
Condo For Sale
Pending
2
BED
3
TOTAL BATHS
1,242
SQFT
Ansley Above The Park #1004
1130 Piedmont Avenue
Atlanta, GA 30309
Price Change - 2 weeks ago
$549,500
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,536
SQFT
Ansley Above The Park #413
1130 Piedmont Avenue NE
Atlanta, GA 30309
$639,900
Condo For Sale
Pending
2
BED
3
TOTAL BATHS
1,732
SQFT
Luxe #1402
222 12th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$795,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,732
SQFT
Luxe #1502
222 12th Street
Atlanta, GA 30309
Price Change - 2 weeks ago
$530,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,329
SQFT
Luxe #1508
222 12th Street NE
Atlanta, GA 30309
New Listing - a week online
$572,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,515
SQFT
Lofts At The Park Ii #303
1058 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - 2 weeks ago
$424,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,424
SQFT
Lofts At The Park Ii #201
1058 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - yesterday
$499,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
1,424
SQFT
Lofts At The Park Ii #301
1058 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - 6 days ago
$249,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
780
SQFT
Parc Vue #505
275 13th Street NE
Atlanta, GA 30309
$249,887
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #603
275 13th Street NE
Atlanta, GA 30309
Open House 08/18 at 2PM
$269,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
860
SQFT
Parc Vue #809
275 13th Street NE
Atlanta, GA 30309
New Listing - 2 days online
$259,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #404
275 13th Street NE
Atlanta, GA 30309
New Listing - 22 hours online
$279,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #103
275 13th Street
Atlanta, GA 30309
$262,500
Condo For Sale
Active
1
BED
1
TOTAL BATHS
850
SQFT
Parc Vue #307
275 13th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$399,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,350
SQFT
Parc Vue #211
275 13th Street NE
Atlanta, GA 30309
New Listing - 4 weeks online
$238,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #304
275 13th Street NE
Atlanta, GA 30309
$289,900
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
960
SQFT
Parc Vue #402
275 13th Street NE
Atlanta, GA 30309
$590,900
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1,653
SQFT
199 12th Street #7
199 12th Street NE
Atlanta, GA 30309
New Listing - yesterday
$599,000
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1,824
SQFT
199 12th Street #6
199 12th Street NE
Atlanta, GA 30309
$775,000
Single Family Home For Sale
Pending
2
BED
3
TOTAL BATHS
2,301
SQFT
972 Myrtle Street
Atlanta, GA 30309
Midtown Subdivision
$275,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
792
SQFT
Park View #8
272 14th Street NE
Atlanta, GA 30309
$375,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
940
SQFT
Lofts At The Park #701
206 11th Street NE
Atlanta, GA 30309
$349,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
1,038
SQFT
Lofts At The Park #204
206 11th Street NE
Atlanta, GA 30309
$425,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
1,005
SQFT
Luxe #2105
222 12th Street NE
Atlanta, GA 30309
$1,499,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,820
SQFT
Luxe #1806
222 12th Street NE
Atlanta, GA 30309
$1,075,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,820
SQFT
Luxe #906
222 12th Street NE
Atlanta, GA 30309
$637,500
Condo For Sale
Pending
2
BED
3
TOTAL BATHS
1,727
SQFT
Luxe #707
222 12th Street NE
Atlanta, GA 30309
Price Change - 4 weeks ago
$649,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,732
SQFT
Luxe Condo #1103
222 12th Street NE
Atlanta, GA 30309
Price Change - 6 days ago
$189,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
620
SQFT
Midtown On 8th #3
317 8th Street NE
Atlanta, GA 30309
New Listing - a week online
$185,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
640
SQFT
Midtown On 8th #6
317 8th Street NE
Atlanta, GA 30309
$346,000
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
1,082
SQFT
Parkview #23
272 14th Street NE
Atlanta, GA 30309
$1,749,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,650
SQFT
1204 On The Park #2
1204 Piedmont Avenue NE
Atlanta, GA 30309
$1,799,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,650
SQFT
1204 On The Park #3
1204 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - yesterday
$247,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
693
SQFT
Mayfair Renaissance #1404
195 14th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$325,000
Condo For Sale
Pending
1
BED
2
TOTAL BATHS
1,055
SQFT
Mayfair Renaissance #811
195 14th Street NE
Atlanta, GA 30309
$249,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
750
SQFT
Mayfair Tower #809
199 14th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$250,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
750
SQFT
Mayfair Tower #2509
199 14th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$375,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,007
SQFT
Mayfair Tower #1508
199 14th Street NE
Atlanta, GA 30309
Price Change - 3 weeks ago
$230,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
750
SQFT
Mayfair Tower #906
199 14th Street NE
Atlanta, GA 30309
$299,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,103
SQFT
Mayfair Tower #305
199 NE 14th Street NE
Atlanta, GA 30309
New Listing - 3 days online
$369,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,161
SQFT
Park Central #604
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$379,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,158
SQFT
Park Central #921
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - a week online
$319,900
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
1,008
SQFT
Park Central #72
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 3 days online
$300,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
1,072
SQFT
Park Central #727
1101 Juniper Street NE
Atlanta, GA 30309
Price Change - 5 days ago
$234,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
723
SQFT
Park Central #708
1101 Juniper Street NE
Atlanta, GA 30309
$239,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
764
SQFT
Park Central #1512
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$385,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,161
SQFT
Park Central #54
1101 Juniper Street NE
Atlanta, GA 30309
$379,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,169
SQFT
Park Central #319
1101 Juniper Street NE
Atlanta, GA 30309
Price Change - 2 weeks ago
$799,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,287
SQFT
877 Penn Avenue NE
Atlanta, GA 30309
MIDTOWN Subdivision
$509,831
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,502
SQFT
1023 Juniper Lofts #305
1023 Juniper Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$330,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
930
SQFT
1023 Juniper Lofts #105
1023 Juniper Street NE
Atlanta, GA 30309
Price Change - a week ago
$295,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
1,024
SQFT
Juniper Lofts #104
1023 Juniper Street NE
Atlanta, GA 30309
$224,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
877
SQFT
Ansley Arms #307
1230 Piedmont Avenue NE
Atlanta, GA 30309
$299,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
858
SQFT
Piedmont Crescent #15
907 Piedmont Avenue NE
Atlanta, GA 30309