Innovative Wildfire Protection Program Launched for Private Collections

Strategic Insights -

Private collections and high-net-worth property owners with valuable art and collectibles now have a comprehensive wildfire protection solution available, thanks to a new insurance program launched by , a leading provider of wildfire analytics and property-specific protection services, in partnership with and ("EPIC"). This groundbreaking program offers tailored wildfire protection and standalone insurance coverage for collections valued between $5 million and $250 million, addressing a critical gap in the market that traditional insurers have struggled to fill.

The program's unique value lies in its combination of data-driven risk evaluation, concierge mitigation planning, onsite inspection, and year-round property monitoring. This holistic approach ensures that clients are prepared for wildfire threats and are rewarded for their proactive efforts. The insurance coverage is arranged via BMS Group and distributed by EPIC, with FortressFire's proprietary fire physics models and platform generating structure-level wildfire vulnerability reports and prescribing mitigation actions.

Key Takeaways:

  • The new program targets high-net-worth clients with collections valued between $5 million and $250 million, who have been underserved by traditional homeowners insurers due to wildfire risk.
  • The program combines scientific risk assessments with concierge mitigation and protection services, offering a comprehensive wildfire solution that bridges a critical gap in the market.
  • Final coverage is contingent on verified wildfire readiness, creating a pathway to insurability that rewards preparedness and reduces exposure for both clients and insurers.
  • The program includes a Monitoring + Protection Plan subscription, with seasonal service visits, extreme weather-triggered inspections, and wildfire event response options-all coordinated by FortressFire's expert wildfire services team.
  • The collaboration between FortressFire, EPIC, and BMS Group aims to revolutionize the way the insurance industry addresses climate-driven risk, delivering a smarter, more resilient solution that anticipates the demands of tomorrow's clients.
  • Property owners and managers interested in learning more or enrolling eligible properties can contact EPIC or visit .

Statistics:

  • Collections valued between $5 million and $250 million are targeted by the program.
  • The program serves high-net-worth clients who have been declined or underserved by traditional homeowners insurers due to wildfire risk.
  • Final coverage is contingent on verified wildfire readiness.
  • The program includes a Monitoring + Protection Plan subscription, with seasonal service visits, extreme weather-triggered inspections, and wildfire event response options.
  • The collaboration aims to address the critical gap in the market for wildfire protection services.

Sources:

  • FortressFire press release announcing the launch of the Fine Art and Collections Wildfire Insurance Program.
  • Quotes from , Chairman and CEO at FortressFire.
  • Quotes from , Marine and Fine Art Lead, Facultative Practice at BMS Group.
  • Quotes from , President and Private Client Leader at EPIC.
  • BMS Group press release announcing the partnership with FortressFire and EPIC.
  • EPIC Private Client press release announcing the launch of the program.
  • FortressFire website, providing information on their proprietary AMP Platform and wildfire protection services.
  • BMS Group website, providing information on their wholesale, reinsurance, direct insurance, and capital advisory services.
  • EPIC Private Client website, providing information on their custom risk management strategies and customized personal insurance portfolios.