Crown Financial Partners Highlight the Importance of Property Insurance Amid California Wild Fires
LOS ANGELES, Dec. 13, 2018 /PRNewswire/ -- The recent wild fires in California and hurricanes and floods in other states have spiked the demand for property insurance as part of a complete wealth management strategy.
"In the recent California wild fires and Florida floods, we've seen multi-million-dollar homes and property wiped out in minutes. The time to review your policies is before the disaster strikes," comments Jonathan Beck, President of Crown Financial Partners, a Los Angeles-based Wealth Management firm.
Beck was recently quoted in a report, "Time to Make Property Insurance a Key Part of Your Wealth Management Strategy."
According to the report, most high net worth individuals do not have adequate property insurance. And so, many are turning to firms and professionals to advise them. Experts in the insurance industry admit they have not done a good enough job promoting the importance of property insurance to their target audience.
In addition, wealth managers, such as Beck of Crown Financial Partners, are urging clients to make sure their policies are comprehensive especially in these days of high-risk natural disasters.
What are the steps high net worth individuals should take before a disaster strikes?
- Review your policy
- Check on the carrier
- Contact your wealth manager
He or she can help you determine how much coverage you should have and additional services you might need in your policy depending on where you reside.
"Clients can be paying large sums for insurance, so it is essential for them to know what they are paying for and whether or not their policies are deficient," says Jonathan Beck.
You can access the report, "Time to Make Property Insurance a Key Part of Your Wealth Management Strategy," at http://thecrownpartners.com/news.
Contact
For more information on wealth management insurance strategies, contact
Jonathan Beck, at [email protected].
About Crown Financial Partners
Crown Financial Partners is a boutique wealth management firm dedicated to providing financial advisory services to high net worth clients and their families. Based in Los Angeles, Crown is best known for its integrity, depth of knowledge across multiple disciplines and highly customized client solutions. www.thecrownpartners.com
Contact: [email protected], Phone: 310-734-5660
SOURCE Crown Financial Partners
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