Protecting your precious property
How can you reconcile these two perceptions? Simple: Secure your possessions and reduce your concerns by purchasing a high net worth (HNW) insurance policy.
Do you need it?
A typical policy might not cover all of your possessions. You could find, should you make a claim, that you are underinsured and out of pocket. However, a HNW policy protects costly assets, including, fine art, high-end jewellery, yachts and motor vehicles.HNW policies can cater for various aspects of an individual’s personal requirements under one policy. These are some of the more common covers that can form part of a HNW policy.
Buildings Cover
A luxury home could be one of the biggest and most expensive purchases you will ever make. Not protecting it with a suitable policy could condemn your property in the event of an accident or emergency.Additional buildings to the main house such as stables, swimming pools and tennis courts are included in HNW policies.
Contents Cover
Personal property that you own is often covered with a general contents policy, including furniture and personal items, however the low inner limits under a standard policy could leave many items underinsured and you are often covered in the home only.Many HNW policies not only provide higher inner limits but also offer world wide contents cover, ensuring wherever an incident happens, your items are protected.