High Net Worth (HNW) policies are available from a very wide range of insures, Chubb, AIG, RSA, Zurich, Hiscox, Aviva, Covea to name a few. Most of these insurers only work through brokers as these are complex policies and a broker can explain differences, suitability and obtain the right quotes.
Unquestionably, High Net Worth insurance has boomed in recent years. The advantage of HNW policies, where there is a wide choice, are that they offer incredible flexibility and perhaps more importantly, most do not impose warranties or conditions regarding house security, on policyholders.
Paul Dickson, CEO
Policies are designed for the more discriminating homeowners (aren’t we all!) with at least £100,000 in replacement cost value for house contents, which these days is not a big figure. Most people will find that their wardrobes alone will be worth thousands of pounds when you add everything up at the price you originally paid for every pair of shoes, shirts, dresses and suits.
HNW policies also offer advantages in that they can include motor insurance, boats, student cover, and second home extensions for example. The important point is that this degree of flexibility overcomes issues that would concern stand alone insurers to disappear.