Hub Launches High Net Worth Excess Wildfire Program in California

HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of affluent families and individuals in California.

Hub Private Client plans to expand its HUB High Net Worth Excess Wildfire Program to other states in the future.

It is designed as excess coverage, in partnership and complementing existing insurance market capacity to deliver coverages not available through traditional wildfire or fire policies.

HUB High Net Worth Excess Wildfire Program is available for clients with completed homes with total insured values of less than $30 million used as a primary or secondary residence or as short-term rentals. Single-family dwellings held within an LLC or trust are also eligible.

Coverage is only related to wildfires or fire. SPG maintains a list of eligible primary carriers, where excess coverage will be provided on a follow-form basis, and where the primary carrier has provided coverage with a sublimit for the peril of wildfire or fire.

Chicago, Illinois-based Hub is an insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.