10 reasons why you should use a high net worth specialist

Here are 10 reasons why you should use a high net worth specialist. Expertise You can approach us with all of your insurance queries. As specialists in high net-worth insurance we understand the type of lifestyle you lead. We have experience in arranging cover with specialist markets that will fit your family requirements. We speak to the underwriters on every case and will visit you for a free appraisal in most cases. Personal service You will have a dedicated Client Manager as soon as you engage with Ascend for broking, claims, renewals and any questions.  This person will create a bespoke policy based on an in-depth telephone interview and, in some cases, a visit to the risk address. Making a claim can be a stressful business. If you are with a specialist broker, then you have someone working on your behalf to achieve the best possible outcome. In the event of a loss, you will also be asked to produce inventories and paperwork proving the value of what you are claiming against. We would not only have helped you ensure that this paperwork existed and was up to date before the loss but can also keep electronic copies if you wish. One key area to remember is that you would of had a free appraisal and provided with a copy of the report. The insurer would be completely aware of your personal circumstances and insured items. Claims payments therefore are swift, in some cases in less than 24 hours. Simplicity We set out to create a holistic approach for you. This often means creating a single, portfolio policy that incorporates home, travel and motor insurance with one renewal date. Searching the market We will take the onus off you and will search the market on your behalf for the most appropriate insurance cover for you and your assets. We have full market access, not just limited to one market. We will only recommend insurers that have a track history of insuring people like you and have a reputation to pay claims. Access to specialist underwriters We have access to specialist underwriters and syndicates which often aren’t accessible to the public. If you have a specialist collection of art or jewellery then it is crucial that you have cover from an underwriter who understands the intricacies of the collection. Helping you through the small print Insurance documents are complicated and it is easy to overlook the small print. Our wordings have far less small print such as exclusions, warranties and inner article limits. Accurate valuations We offer all clients a free valuation service on Jewellery. Most homes are underinsured, research shows that one in five British households do not have a sufficient cover. It’s a worrying statistic that proves just how difficult it can be to accurately assess the true value of your home and its contents. Below are some common valuation pitfalls that a we would help you avoid: Buildings If the re-build cost of your home is over about £500,000 then you may well find that a standard buildings insurance policy is inadequate. Market value and re-build value are very different things and it is perfectly possible for the latter to exceed the former. Factors such as Listed Buildings status, period features, expensive materials, local building costs and access can all add to the re-build costs. Contents Many people are surprised to find just how much it would cost to replace everything in their home. When you engage a us we will help to ensure you have thought about everything from the contents of your wardrobe to the value of specific items to ensure that you have adequate cover.  We will also advise on whether or not any of your possessions require additional protection such as Collections, Fine Art and Antiques cover. Unlimited General Contents insurance: Contrary to popular belief, this type of cover does not mean that you don’t need to assess the value of your home’s contents because your insurance company will just send out a big cheque in the event of a loss. They won’t. If the worst does happen, the onus will be on you to prove what you had and what it was worth – which is not an easy task if it’s all gone up in smoke. A Re-broking Many people simply tick the boxes when it comes to renewing their policy each year, but changes such as building works, acquisitions or dispositions may well affect the value of the risk. At Ascend your Client Manager will carry out a re-broking exercise before renewing the policy, asking questions about possible changes to your circumstances to ensure that the valuations are still accurate and you have the relevant level of cover. Part of your team A broker will work as part of your existing team in a similar way as your Solicitor or Accountant does. If you use a broker then they will be happy to work directly with you or a professional intermediary. Making sure that you have the right type and level of insurance is crucial to ensure that you and your family have the protection you require. Finding the right insurance can be time consuming and confusing but by working with us you can be assured that you are adequately protected. To find out more and see how we can help you, please contact one of our consultants today. 01245 449063    

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