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Learn about high net worth insurance and luxury vacations trip insurance on the insurance blog. Find out how middle class millionaires need specialty insurance online.

The need for specialty coverages like high net worth insurance and luxury vacations trip insurance continue to increase. A new book highlights a new breed of customers with all-new needs for specialty insurance coverages.

Middle Class Millionaires Aren’t Afraid to Spend Money

With the release of the new book The Middle Class Millionaire, authors Russ Alan Prince and Lewis Schiff explore the new concept of the suburban millionaire. The book defines these people as having a net worth of less than $10 million. Over 8 million people in the U.S. fall into the middle class millionaire group. One characteristic that defines the group is their frequent spending for items that are important to them. From electronic gadgets to technological wizardry, these everyday millionaires aren’t afraid to shell out for items that they consider essentials.

High Net Worth Insurance Protects Middle Class Millionaires

High net worth insurance provides millionaires with peace of mind. The insurance industry, often accused of being slow to catch on to new trends, haven’t been slouches when it comes to addressing the needs of middle class millionaires. High net worth insurance provides coverage for millionaires’ unique needs, including excess liability, high value homes and expensive collections. Luxury vacations trip insurance can help recoup expenses when a costly trip is delayed or cancelled.

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