HIGH NET WORTH HOME INSURANCE
High Net Worth Insurance is designed for people with specialist home insurance needs. However, it’s not just Lords, Ladies and the rich and famous who come into this category – anyone with home contents worth over £75,000 qualifies for the this type of insurance.
The valuable items in your home need protecting – adequately. That is the key.
Take for example, a case where a family had inherited a pair of mirrors. They were old and tarnished looking and though the owners knew they had some value, it had never been accurately assessed – until the day one of the mirrors was broken. The mirrors were assessed by experts and given a joint value of £15,000. However, the claim for the one broken mirror was not settled at 50% of this valuation but 70% because of the resulting diminished value of the second mirror no longing being part of a pair. The happy ending – the owners did have high net worth home insurance cover though they had not taken it out because of the mirrors!
Particularly less obvious in terms of valuables around your home are items such as clothes and shoes stacked away in the wardrobe or the contents of cellars and garages.
A personalised service is a necessity with this kind of home insurance cover – from the moment you want to discuss and arrange it through to the assistance you will need if you ever have to make a claim. Indeed, it is the claims service of high net worth home insurance policies that sets them apart from standard home insurance products.