Customer Case Studies
Before-and-after case studies of three prototypical customers illustrate how one of ACE’s independent insurance advisors could better protect your family and lifestyle as well as improve the value of your insurance program by helping you avoid common mistakes.
Jane and Gary are a successful dual income couple in their mid-thirties with two young children. They have recently moved to a larger home within their town of Westport, CT.
Their insurance plan exhibits many of the typical patterns of over-and under-insurance, and Jane and Gary could significantly improve their financial security while reducing their total premium of $8,093* by almost $800 or 10 percent by rebalancing their program.
Susan and Jeff: Building on Success
Susan and Jeff are in their late forties with kids in their teens. They live in a luxuriously appointed home on a large property with horses in Rancho Santa Fe, CA, and also have a ski home in Telluride, CO.
Paying $19,255 annually for an insurance program with the usual problems of over-and under-insurance, Susan and Jeff could better secure their long-term financial well-being while saving more than $2,200 or 11 percent of their premium by rebalancing their programs.
Arlene and Bob: Redefining the Nest
Arlene and Bob are a couple in their mid-sixties whose kids have left the nest to begin their professional careers. Thus, they have recently downsized from a large Manhattan apartment to a smaller luxury condo in a prestigious new building closer to Central Park.
Overall, Arlene and Bob pay $41,788 in annual premium for their homeowner, auto, valuables, and umbrella liability coverage, but like many affluent people, they are missing opportunities to tailor coverage to their specific needs to maximize the value of their program. By making adjustments, they can save more than $8,000 or 20 percent while also strengthening protection against catastrophic loss.
*For the purpose of before-and-after comparisons in the case studies, all premium estimates are based on coverage rates for the ACE Platinum Portfolio program in 2010. Rates are subject to change and may vary by location and other factors.