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High Net Worth Insurance

High Net Worth Insurance

If you run a higher value home you want to feel safe in the knowledge that the building and contents are adequately insured in the event of a claim. At Herald Insurance we deal with market leading insurers offering policies specifically designed for higher value homes.

Standard building and contents policies are becoming more limited as we are seeing insurance policies have more restrictive sums insured on the higher risk items in your property such as jewellery, watches, and precious metals at a time when blanket cover seems to be more widely offered. On the face of it on these standard building and contents policies the cover looks adequate but once you look at the individual limits the policy will often have restrictions suited to the average homeowner and not the high net worth customer.

Offering optimum levels of cover our high net worth policies can include:

  • All risks cover for buildings as standard
  • Worldwide all risks cover for contents including damage by domestic pets
  • High single article limits of £7,500 for jewellery and watches and £15,000 for art and antiques
  • Family legal protection
  • Liability cover for domestic employees
  • Costs for alternative accommodation paid for up to 5 years
  • Emergency property assistance provides emergency repair for essential services by approved tradesmen
  • Up to £50,000 for victims of fraud identity
  • Home office equipment
  • Worldwide cover for money and credit cards
  • Agreed value cover for art, antiques, jewellery and watches
  • Availability of adding your private car to form a combined policy therefore reducing the premiums further
  • Numerous other benefits you would expect from a high net worth policy

In the event of a claim many insurers will allocate a dedicated file handler to deal with your claim making the process much smoother, and most will not even require any forms to be completed. The whole process is dealt with swiftly with the highest level of service and most claims departments are open 24 hours a day 365 days a year.

As part of our high net worth quotation service we are often able to visit your home to carry out a full risk assessment to ensure you are not under insured, this also means we are able to find a policy suitably tailored to your needs as no two homes are the same.

When it comes to insuring your high net worth home, Herald Insurance will find the perfect policy suited for you.