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High Net Worth Property Insurance

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UK Residential home buildings insurance
High Sums insured catered for High Net Worth Individuals
Modern policy wordings in plain English
Combined Buildings, Contents & All Risks Available
We can quote for almost any occupation
"Unusual" Risks catered for

Guide to High Net Worth Home Insurance UK

Introduction - High Net worth home insurance is a term that is applied to a specialist form of home insurance policy that is available for persons who are considered to be wealthy. As a consequence of being wealthy, this group of persons is likely to have a higher sums insured in respect of personal possessions and contents and have a lifestyle that requires additional covers, not usually found under your standard home insurance policy. Understanding the lifestyles of affluent people has enabled a number of insurance companies to design insurance polices that will meet their needs. In recent years, a number of mid net worth policies have also appeared on the market aimed d at people who fall in to the category," emerging high net worth", this type of policy is usually aimed at your career professionals but the general principals of cover remain the same

There are a number of product providers for high net worth home insurance but one thing they all have in common is that the policy wording will be wider than that normally available under a standard home insurance policy. The policy documents provided have a glossy quality feel to them and the level of service provided in terms of claims handling and dealing with queries is will be far superior. In short, high net worth individuals are supposed to be more demanding and this type of contract seeks to meets those needs.

Policy wordings are usually written on a Worldwide All Risks basis with wider limits for almost all sections. Whilst All Risks wordings do not literally mean that every eventually will be covered, it does afford a wider degree of protection. This basis of cover was designed to meet the needs of people who had a "lifestyle", who where seen as frequent travellers and often did not have the time to telephone their insurance broker or company every time they wanted cover extended to go abroad. High net worth individuals often have larger amount of jewellery and personal possessions and many of these items will be taken with then on trips abroad. If you include buildings cover, this will be extended to include Accidental Damage cover automatically.

Under the contents section of the policy, limits for high valued items will be higher, often there is no need to provide valuations but the insurer may ask you to spilt your sum insured for example between; General Contents, Antiques, Furniture, Fine Art. Often it is possible to secure a lower premium for Antiques and Fine Art so the exercise is well worth while. When it comes to insuring jewellery and personal possessions often the insurer will set a much higher level for individual; items, of course specifying the items can still secure a discount.

Where high net worth home insurance polices really score is in the their additional peripheral covers, most will include Legal Expenses as a matter of course covering such things as Employment Disputes, contract disputes, property & tax protection and legal defence cover, many will also now include Free annual travel insurance for the whole family. Certain " personal Covers" also also available to protect the policyholder against libel & slander and even stalking and road rage.

High net worth home insurance is underwritten on an individual basis and it is rare to find a calculator online. By dealing with a broker directly, you can expect a discreet service each case will be considered on its merits and factors such as location, occupation, and dates of birth will in be used to calculate a premium. In many cases, the insurer will want to survey the premises (at their expense) and a report with recommendations sent the policyholders. Most will have facilities with auction houses and valuers and often a discount on valuations can be obtained.
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Assetsure is an Appointed Representative of Highhouse Insurance Services who are authorized and regulated by the Financial Services Authority

Assetsure is an Appointed Representative of Intasure a trading name of Blenheim Park Limited who are authorized and regulated by the Financial Services Authority

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