{"id":1508,"date":"2012-12-10T16:20:22","date_gmt":"2012-12-10T16:20:22","guid":{"rendered":"https:\/\/delandgibson.com\/?p=1508"},"modified":"2021-07-22T18:07:12","modified_gmt":"2021-07-22T18:07:12","slug":"massachusetts-law-negatively-affects-high-net-worth","status":"publish","type":"post","link":"https:\/\/delandgibson.com\/blog\/2012\/12\/10\/massachusetts-law-negatively-affects-high-net-worth\/","title":{"rendered":"Massachusetts law negatively affects High Net Worth."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-size: medium;\">A lesser known MA law does excludes high net worth individuals and families with a net worth of 25MM+ from the insolvency fund. This unlikely scenario means that if a insurance company went bankrupt \/ insolvent and was unable to pay claims, there is a safety net that would give at least 300k in liability protection. If you have 25MM+ of net worth, no such protection. Its another reason to make sure you have the appropriate insurance company.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"MA\" src=\"http:\/\/www.mass.gov\/resources\/images\/template\/header-seal.gif\" alt=\"\" width=\"83\" height=\"81\"><\/p>\n<p><span style=\"font-size: large;\"><strong><a href=\"http:\/\/agencychecklists.com\/2012\/11\/01\/massinsolvencyfund\/\" target=\"_blank\" rel=\"noopener\">Read more about it here<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; A lesser known MA law does excludes high net worth individuals and families with a net worth of 25MM+ from the insolvency fund. This unlikely scenario means that if &#8230; <\/p>\n<div><a href=\"https:\/\/delandgibson.com\/blog\/2012\/12\/10\/massachusetts-law-negatively-affects-high-net-worth\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[276],"tags":[246],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Massachusetts law negatively affects High Net Worth. - Deland, Gibson Insurance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/delandgibson.com\/blog\/2012\/12\/10\/massachusetts-law-negatively-affects-high-net-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massachusetts law negatively affects High Net Worth. - Deland, Gibson Insurance\" \/>\n<meta property=\"og:description\" content=\"&nbsp; A lesser known MA law does excludes high net worth individuals and families with a net worth of 25MM+ from the insolvency fund. 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