What does High Net Worth (HNW) Home Insurance mean?
From an insurance perspective High Net Worth is determined by the rebuild value and/or the level of contents in your property. Buildings must have a minimum rebuild value of £500,000 and a general contents of a minimum of £100,000 (preferably £150k) and ideally with some art or valuables although these are far from necessity.
Why is it better than standard/ mass market home insurance?
As a high-net worth individual your assets are important to you; be it your property, your contents or your valuables, and you would want to look after them as best you can. In the instance of a claim you would want and expect the best possible response and service from your insurer. The HNW insurers provide this level of service and a far greater and more flexible cover which meets the needs of the HNW individual.
Working with a broker will allow you better access to these High Net Worth insurers and will give you access to impartial advice on the best cover for the best price. To find out more get in touch with us on email@example.com or 0207 199 3255 or tweet us @InsuranceTailor