High Net Worth Home

High Net Worth Insurance is not just for footballers and the aristocracy, but also for people with specialist needs.

Ordinary household policies are generally sold by insurers on a "one size fits all" basis, and this may not entirely be the most appropriate, or the best cover for some individuals. Many home insurance policies have a cap on the value of contents (usually around £75,000), that will be covered which could lead to a shortfall or further problems with under insurance in the event of a claim, which insurers generally do not look kindly on.

So why would someone who is not fabulously wealthy need a high net worth insurance policy? Examples of when this becomes necessary could be when policy holders inherit or are given high value items from a retired relative, or if a policyholder has been building up a collection over the years. Often, these collections can be considerably more valuable than realised because the money spent acquiring these items can be small amounts for any single purchase, but the size of the collection steadily grows in number as more and more items are accumulated. The overall value of the collection itself also frequently increases with time.

In these instances, the value of assets may not be adequately covered by a standard household policy. Coversure can deal with such cases and find a High Net Worth Insurance quote that caters for any special requirements.