P R O D U C T S AT- A - G L A N C E

EXCESS LIABILITY

HOMEOWNERS
AUTOMOBILE
PRIVATE
COLLECTIONS
EXCESS FLOOD

YACHT

SPECIALIZED
PRODUCTS

HOMEOWNERS
COVERAGE FEATURE
All-risk Coverage
Cash Settlement
Option on Contents
Total Loss Cash
Settlement Options
Guaranteed Rebuilding
Cost* for Dwelling
Replacement Cost
for Contents
High Deductible Options
Other Structures and
Personal Property
Building Ordinance
Increased Costs
*Availability varies by state
WHAT IT MEANS
Protects against property
damage or loss regardless
of cause; for dwelling,
other structures and
personal property
Option to receive a cash
settlement in lieu of replacing
lost or damaged property
Option to receive a cash
settlement up to the coverage
limit, rather than rebuild on
the site
No caps or limitations for
rebuilding both the dwelling
and other structures
Damaged personal property
can be replaced with new
item(s)
Deductibles available up
to $100,000
Standard Limits: 20% of
dwelling coverage for other
structures and 50-70% of
dwelling coverage for
personal property; limits
can be adjusted as needed
Pays for required upgrades
to satisfy local building
ordinances when rebuilding
property damaged by a
covered loss
HOMEOWNERS
WHY IT MATTERS
Broadest coverage in
the industry
Flexibility at the time of loss
Flexibility at the time of loss
Rebuild to match exceptional
building quality, historic
homes and unique
structures, even when
policy limits are exceeded
Reimburses up to the
coverage limit without
depreciation
Assuming more of the
up-front risk can result in
meaningful premium savings
Flexible limits for more
precise coverage
Accounts for mandated
increases and rebuilding
costs up to the policy limit
HOMEOWNERS

HOMEOWNERS
COVERAGE FEATURE WHAT IT MEANS WHY IT MATTERS

Additional Living Expense Unlimited coverage for Policyholder can maintain

and Fair Rental Value necessary increases in living
expenses incurred when the
home is uninhabitable due
to a covered loss; includes
loss of rental income
a comparable standard
of living while displaced
from the home

Additions and Alterations Combined with personal Allows for seamless

property coverage and into coverage; simplifies
one aggregate limit for claims process
condos and co-ops

Personal Property Reimburses up to the highest Worldwide protection for

Away from Premises content limit for any single belongings; no limitation for
location on the policy; loss from a car, hotel, etc.
responds if loss occurs
away from any residence
the insured owns or lives in

Back-up of Sewers Compensates for physical Water-related damage is

and Drains damage caused by the one of the most frequent
back-up or overflow of and costly causes of loss
sewers, drains or sump
pumps that are attached
to the dwelling or other
permanent structures; up
to policy limits without
special deductibles:
no sub-limits

Damage Caused by Included for the dwelling, Typically excluded from

Domestic Pets other permanent structures most homeowners policies
and personal property

Landscaping Coverage; Available with increased per Responds to landscaping

Increased Limits item and coverage limits; for valued in excess of 5% of
losses due to a specific Coverage A; broad, flexible
named peril: coverage is ideal for those
• 5% of dwelling coverage with elaborate gardens or
limit or 5% of contents at other landscaping
the residence at which a
covered loss occurs; limits
can be adjusted as needed
• $5,000 for any one tree,
shrub or plant included;
up to $10,000 per tree,
shrub or plant is available
HOMEOWNERS
COVERAGE FEATURE WHAT IT MEANS WHY IT MATTERS

Food Spoilage Provides reimbursement In addition to spoilage

up to the contents limit resulting from the interrup-
for spoilage due to tion of power, coverage

HOMEOWNERS
temperature changes responds to mechanical
breakdown of refrigeration
equipment.

Property of Domestic Applies to any residence Added protection for guests

Staff and Guests included on the and live-in staff
Declarations Page

Increased Loss Covers insured’s share If insured is a member

Assessment Coverage of property assessment; of a homeowner’s or
$50,000 included automati- condominium association,
cally; up to $100,000 coverage protects his/her
available by endorsement share of the assessment

Identity Fraud Expense Responds in the event of Identity fraud is one of the
Coverage (Optional) identity fraud; limits up to country’s fastest-growing
$100,000 crimes

Waiver of Deductible Deductible of $25,000 Minimizes out-of-pocket

(Optional) or less waived on losses expense in the event of
greater than $50,000 a significant loss

Special Limits on Personal Property

Money $1,500

Securities $5,000

Stamps $5,000

Jewelry $5,000

Furs $5,000

Silverware $10,000

Trailers $3,000

Watercraft $5,000

Guns $5,000

Fire Department Charges Up to policy limit

Lock Replacement Up to policy limit

(no deductible)

Breakage of Fragile Items $50,000

 PRIVATE COLLECTIONS
COVERAGE FEATURE WHAT IT MEANS WHY IT MATTERS

Worldwide Coverage Covers loss/damage to Facilitates travel with fine

collection while traveling/in collectibles and covers
PRIVATE COLLECTIONS

transit purchases made abroad

Newly Acquired Items Automatic coverage; 25% Acquisitions protected at

of same category limit for the time of purchase; grace
90 days period before adding item(s)
to the policy

Care, Custody and Control Provides up to $1 million for Facilitates taking item(s)
categories currently insured home on loan before
while in the policyholder’s care confirming purchase

Covers agreed value or Protects against market

Valuation Clause current market value, up volatility; benefits those
to 150% with well-managed, closely
monitored collections

Repair and Restoration Excluded from form but Helps preserve value
Coverage available upon request and
with underwriting approval

Wine Coverage Covers damage due to Wine cellars/refrigeration

mechanical and/or electrical systems may malfunction
breakdown of heating, and cause irreparable
cooling or humidity damage
control systems

Jewelry Roll-on Coverage Automatic inflation added to Necessary to maintain

jewelry values at renewal insurance-to-value
(in lieu of offering 150%
valuation coverage)

Pair or Set Clause Insured’s choice whether to Flexibility at the time of loss
repair, replace or surrender
undamaged item(s)

Transit via FedEx and parcel post Transit protocol and shipping/
Common Carrier covered; US mail covered packing advice available;
up to $10,000 AIG Private Client Group’s
collection management experts
can oversee transit

Coverage at Exhibitions Protects pieces during trans- Security and peace of mind
portation to/from exhibitions during transit and exhibitions
and while on display
AUTOMOBILE
COVERAGE FEATURE
Unlimited Capacity
High Liability Limits*
Agreed Value
Original Equipment
Manufacturers’ Parts
Transportation Expense
and Temporary
Emergency Living
(Rental Reimbursement)
Towing and Labor; Choice
of Repair Shop; Loan/Lease
Gap Coverage†; Worldwide
Liability; Lock Replacement;
Airbag Deployment
* Limits vary by state
† Not available in all states
WHAT IT MEANS WHY IT MATTERS
Includes physical damage to Financial strength of the
collector cars, regular-use AIG companies enables
automobiles and specialty coverage for a virtually
vehicles such as motorcycles unlimited number of vehicles
and mobile homes per policy
Provides up to $1 million Adequate levels of coverage
combined single limit or $1 for high-value vehicles
million/$1 million split with
matching insured/underin-
sured motorist limit
AUTOMOBILE
Automobile is insured for an Facilitates claims settlement
agreed-upon amount between
the policyholder and AIG
Private Client Group;
deductible is waived in the
event of a total loss; no deduc-
tion for depreciation of parts
in the event of a partial loss
If repairs must be made, Maintains standard of quality
only original manufacturers’
parts will be used
Provides up to $5,000 with Insured may rent a vehicle
no per day limit; temporary of comparable value while
emergency living expenses owned vehicle is repaired/
up to $500 if a loss occurs replaced; standard policies
more than 50 miles from have $30/day limits
customary garaging location
Package of additional Closes coverage gaps and
coverage is built in at no facilitates claims settlement
expense to the policyholder
 EXCESS LIABILITY
COVERAGE FEATURE WHAT IT MEANS WHY IT MATTERS

Worldwide Coverage Broad, worldwide protection Coverage responds at home

for personal injury (including or abroad
libel and slander) and proper-
ty damage; unlimited owned
and non-owned vehicles,
homes and watercraft

High Limits Up to $100 million; available Adequate asset protection

in increments of $1 million for high net worth clientele;
limit flexibility for precise
coverage
EXCESS LIABILITY

Uninsured/Underinsured Covers accidents involving Adequate asset protection

Motorist Coverage underinsured or uninsured for high net worth clientele;
drivers; up to $10 million limit flexibility for precise
available coverage

Panel Counsel In the event of a covered law- Carriers typically do not

suit, choice of representation permit personal involvement
from a nationwide network of in one’s defense
preeminent defense firms

Expanded Defense One’s personal attorney can Allows policyholder to play

Coverage participate in the defense an active role in his/her
strategy and be reimbursed defense
for reasonable expenses;
$10,000 included; up to
$100,000 available

Employment Practices $250,000/$250,000 limit; Protects against allegations

Liability Coverage covers up to five resident of employment-related
(Optional) employees; $25,000 for discrimination, sexual harass-
public relations “crisis fund” ment or wrongful termination
made by private staff

Charitable Board Liability $1,000,000 of protection on Protects personal assets

Coverage* (Optional) top of existing board cover- when board liability
age; for named insureds who protection is depleted
serve on up to five eligible
not-for-profit boards

*Availability varies by state

YACHT
COVERAGE FEATURE WHAT IT MEANS WHY IT MATTERS

All-risk Wording Accounts for fine art, precau- Broadest coverage available;
tionary measures, additional accounts for virtually all risks
living expenses and more

Consistent Coverage Same degree of coverage Adequate coverage for

for vessels of all sizes; all vessels; other carriers
no disadvantages for may limit coverage on
smaller vessels smaller vessels

Worldwide Navigational AIG Companies® have Dependable coverage

Limits the capacity to provide pre- for global voyages
defined or worldwide navi-
gation based on insured’s
specific cruising plans

High, Flexible Limits Available for both Hull Capacity for large vessels;
(Agreed Value) and P&I limits limits tailored to meet
individual needs

Flexible Deductible Can adjust deductible to suit Assuming more of the

Options the individual owner’s risk up-front risk may result in
retention needs meaningful premium savings

Pollution Protection Full P&I limit coverage (no Increased environmental YACHT
sub-limits) for pollution; addi- scrutiny and tighter regula-
tional coverage for marine tions have led to growing
environmental damage pollution liability costs

Crew Coverage P&I coverage for crew Mandatory coverage

claims under the federal
Jones Act

Automatic Coverage for Provides immediate Hull Acquisitions protected

Newly Acquired Vessels and P&I coverage for newly at the time of purchase
purchased tenders or
vessels; valid for 30 days
 EXCESS FLOOD
COVERAGE FEATURE WHAT IT MEANS
Admitted Coverage Coverage and rates have
been filed and approved by
each state’s Department
of Insurance
Follow Form Written to mirror primary
flood coverage offered by
the National Flood
Insurance Program and/or
AIG Private Client Group
primary flood coverage
High, Flexible Limits Coverage is available up to
the full replacement cost of
the dwelling, with virtually
no limits
EXCESS FLOOD
WHY IT MATTERS
Insured is not at the mercy
of excess and surplus
carriers (typically higher
premiums and less
responsive claims handling)
Excess coverage begins
where primary flood
coverage ends, allowing
for seamless protection
Programs offered by
competitors often limit
the amount of coverage
that a policyholder
can purchase
OTHER SPECIALIZED PRODUCTS
Insurance for Family Offices

u Ability to handle independent and multifamily offices

u Errors and omissions
u Professional liability
u Directors and officers liability
u Employment practices liability

Kidnap & Ransom and Extortion Coverage

u
®
Available through AIG WorldSource
u Limits to $50,000,000
u Includes ransom, extortion, wrongful detention and hijacking
u Pre-incident consultation and training

Aviation
u Available through AIG Aviation
u Coverage for jets, helicopters and other privately owned aircraft
u High limits of liability and physical damage
u Coverage for hangars and private runways

Employment Practices Liability Coverage

u Standalone policy for insureds whose private staff exceeds five employees
u Limits available to $1,000,000/$1,000,000 and $2,000,000/$2,000,000
u $25,000 crisis fund available

Workers’ Compensation
u For insureds who employ private staff
u Nationwide coverage
u One policy for all staff
u Limits up to $1,000,000

Group Excess Liability Insurance

u Employer-sponsored personal umbrella coverage for high net worth employees
u Potential sponsors: Fortune 500 companies; law and accounting firms; banks,
OTHER SPECIALIZED PRODUCTS

private equity or money management firms; large family offices

u Higher limits (up to $50 million)
u Discounts from individually purchased coverage
u Ease of use; no need to notify insurer or pay additional premium as belongings
or individuals are added to the policy
Learn more: www.aigpcg.com

AIG Private Client Group is a division of the personal lines property and casualty insurance subsidiaries of American International
Group, Inc. (AIG). Subject to underwriting review and approval. Actual coverage is subject to the language of the policy.
Not available in all states. Insurance and services provided by member companies of AIG, including Commerce and Industry
Insurance Company and American International Insurance Company, New York, New York.
1463 AMS 1M 04/06