Who is High Net Worth Insurance for?
High Net Worth insurance is a special kind of Home Insurance that caters to those of well above the average UK salary, and who enjoy a privileged lifestyle. If you’re the kind of person who travels abroad in style several times a year, visits 5-star hotels, or collects fine art, horses or classic cars, you are likely to have insurance needs that are significantly more complex than the average insurance client.
High Net Worth Insurance can provide you with the following benefits:
- Vastly increased home contents cover – to protect assets associated with a high calibre lifestyle, for example, expensive artwork and pets, and collections such as wine, jewellery or antiques
- Multiple properties insurance – this is important for high net worth individuals because they’re likely to own more than one home, whether it’s a pied-a-terre in London or a villa on the Tuscan coast
- Generous buildings cover – because your properties are made of costly materials, much more is at stake if they suffer an accident or natural disaster such as a flood or fire
- Many optional covers associated with an advantaged lifestyle, including covers for: yachts, matching items, pedigree pets, and employees’ possessions
Note: It may be that you identify with the some of the needs of high net worth individuals, but worry that the premiums could be out of your budget – in which case you may want to consider Mid Net Worth Insurance, which shares many of the benefits of High Net Worth Insurance, but caters to a more moderate portfolio.
Why use a broker to find High Net Worth Insurance?
There are many High Net Worth Insurance plans available on the UK market these days. An experienced broker will have knowledge of the different policies and the important ways in which they vary. They can use this expert knowledge to help you to find High Net Worth Insurance cover that’s exactly right for you and your family.
A broker will also be invaluable in the event that you have to make a claim on your High Net Worth Insurance policy – as they know the process and can guide you through it. Making a claim by yourself can be a lengthy and stressful experience, especially in the case of High Net Worth Insurance, as the payouts are higher and circumstances may be more complex.
Can Buckingham Insurance get High Net Worth Insurance quotes for me?
We have years of experience in helping our high net worth clients find insurance that meets their special needs. Our strong relationships with a wide range of the UK’s leading insurers mean we can offer a premium service at a very reasonable price.