High Net-Worth Insurance

Travel Cover:

Most high net-worth policies offer annual travel insurance that covers cancellation charges, medical expenses abroad, and costs due to delayed departure and missing luggage. Exclusions include traveling against medical advice, age restrictions, death, illness, or injury from dangerous activities.

Additional Covers:

In addition to the preceding list, there are many additional covers available as part of high net worth policies, such as:

Buildings Cover:

As part of a high net-worth policy, 'buildings' are likely defined as the primary residence, as well as any outbuildings, garages, swimming pools, tennis courts, and other structures on the property. High net worth insurance generally expands coverage beyond the parameters of a conventional policy to cover additions to the primary home, such as buildings and amenities.

Contents Cover:

The personal property you own is typically referred to as contents. This can apply to personal items, furniture, and other home items.

Most high-net-worth policies offer "global" coverage for contents, meaning that during the whole insurance period, all items are covered no matter where they are in the world. People who have multiple houses or travel frequently find worldwide coverage particularly appealing. Customers can obtain comprehensive worldwide content coverage that protects their possessions wherever they are, saving time and money compared to organizing numerous policies for personal items dispersed across multiple nations.

Valuables Cover:

Depending on your policy, your valuables—such as gold, jewelry, and fur—may be covered under your contents. In addition, insurers also provide distinct valuables coverage if consumers have a specific list of valuables they would like to protect, such as fine art, antiques, and collectibles.

Extensions include protection for recently purchased assets, pairs, and sets, as well as an increase in the insured amount owing to the passing of an artist. Dented or faded stamps and coins, losses during transport, and harm brought on by changes are all excluded.

Liabilities Cover:

You unavoidably expose yourself to legal liability as a house owner or domestic staff employer. Liabilities insurance safeguards you from claims involving your property or home personnel.

Legal expenses cover helps to offset the expense of pursuing claims against another party, such as those resulting from a contract dispute or an accident that results in the insured person's death or serious injury.

Travel Cover:

Most high net-worth policies offer an annual travel insurance that covers cancellation charges, medical expenses abroad, and costs due to delayed departure and missing luggage. Exclusions include traveling against medical advice, age restrictions, death, illness, or injury from dangerous activities.

Additional Covers:

In addition to the preceding list, there are many additional covers available as part of high net-worth policies, such as:

• Small craft, pleasure boats, and motor yachts
• Caravans
• Second homes abroad
• Family protection
• Personal cyber insurance

Some of the main advantages of high net-worth insurance include the following:

• The common renewal date for all insurance needs.
• Single-item limits are typically higher than standard insurance policies.
• All homes are on the same policy as the primary residence.
• No restrictive clauses, conditions, or warranties.
• Buildings sum insured agreed via appraisal.
• Automatic cover for gardens and outbuildings.
• Agreed value approach on all assets and valuables.
• 90-day cover for new acquisitions as standard.
• Flexible driving options – any driver, any car cover.

High net-worth insurance is for people with many valuable possessions they want to protect. It's usually more expensive than standard insurance, but its coverage makes it worth the price. If you're interested in high net-worth insurance, contact us today! We'll gladly show you all our excellent options and help ensure your valuables are safe from harm.