Are you a “High Net Worth” client
If your buildings sum insured is around £500,000 and contents £100,000 then you might fall into this category depending on the insurer and it’s certainly sensible to consider a High Net Worth contract when your sums insured reach this level.
What Is High Net Worth Insurance And What Does It Cover?
The benefits of this bespoke cover are significant and below is a list of some of the wider cover provided by a High Net Worth policy:
- Contents cover automatically applies worldwide on an all risks basis
- No under insurance penalties
- Trace and access cover up to full buildings sum insured
- Automatic cover for newly bought or acquired items
- Specified items insured on agreed value basis
- Automatic identity and credit card fraud with high limits
- Worldwide annual travel cover with no conditions for pre-existing medical conditions
- No “pairs and sets” clause so the undamaged item(s) in a pair or set is also covered.
- Cover for students belongings up to the full contents sum insured
- Second homes and holiday homes – UK and overseas properties
- Yachts, sailing and speed boats
Did you know?
Reports suggest that Wines, Jewellery and pieces of Art are three of the Top Ten under-insured items on Home insurance policy.
Wines – Your carefully selected Wine collection is your pride and joy. It’s stored and cared for in a way that only wine can be. Is it correctly valued and up to date on your Insurance policy?
Jewellery – Your limited edition Rolex or Platinum Engagement ring is something you would not want to be without. Is it covered for the correct amount? How old is the valuation?
Art and Antiques – Works of art and antiques are, by definition, irreplaceable! We know this. With the correct cover, at least you will know you will compensated sufficiently should your beloved 18th Century Oak Bureau or 21st Century Banksy become lost or damaged!
High value possessions require greater level of protection, which are not normally covered by standard household policies.
Talk to us today to protect your high value assets and possessions as at Arlington Insurance we can arrange cover for High Net Worth individuals who need specialised insurance that reflects their lifestyle and offers the right level of cover and flexibility.