Private Clients & High Net Worth Policies
A high net worth policy is designed for owners of higher value homes and possessions.
Although there are no clear cut guidelines in this market – as everything can be adapted to an individual’s needs – High Net Worth Policies will suit people who have properties with a rebuild cost of more than £500,000, contents and possessions in excess of £100,000
Clients with valuable assets often cannot be covered by standard insurance policies because their sums insured are greater than those which standard insurers will provide cover for.
Whilst this kind of insurance is for those with very specific insurance needs, you don’t have to be famous or rich to benefit from the cover it will provide.
As people that fall into these categories generally travel more and will be away from home for longer periods of time, there is an option to have worldwide cover for contents.
The items covered by these specialist policies will also have a higher limit for single items, such as single pieces of jewellery or investment piece watches.
There is a call for this type of cover in light of the packaged nature of most standard products and their inability to cope with items of substantial value amongst a normal list of contents.
The advantage of these types of policy is that the policy is written specifically for your requirements and will cover your possessions often without imposing the tiresome conditions that can apply on standard policies. Many people only discover this when something goes wrong.
The advantage of these types of policy is that the policy is written specifically for your requirements and will cover your possessions often without imposing the tiresome conditions that can apply on standard policies. Many people only discover this when something goes wrong.
“I called into the Hornsea Branch and explained that I was struggling to find cover for my buildings insurance. After discussing my issues I received a very competitive quote, which I happily took out. I would like to say I was very happy with the service I received. I was dealt with very efficiently, received great service and it made the whole process very easy for me. It was lovely being able to speak to somebody in person; I would highly recommend friends to come to Hedon Insurance.”
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