A standard household or family fleet product may look appropriate from the outside but in most cases they are just not suitable for the busy lifestyle of a high net worth individual. These policies generally are not underwritten to include things like:-
- full cost of property damage & rebuild
- worldwide contents cover including accidental damage
- no restrictions or warranties
- antiques, fine art, expensive jewellery
- family travel insurance
- agreed value on buildings & contents
- instant cover for newly acquired jewellery & collectibles
- automatic comprehensive cover on borrowed vehicles
- agreed vehicle value basis
- holiday homes
And this is just the tip of the iceberg.
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So it is not just the super-rich who should consider an executive high net worth policy for their high value homes & vehicles. Since every home and lifestyle is different, then every high value home insurance policy should be too. But many are not.
In the digital age how confident are you that your existing contents policy gives you and your family the right cover for loss of data, identity fraud, cyber bullying or even kidnap, car jacking, aggravated burglary? We include these within our programme.
The right cover should be assessed by experts to ensure that you are adequately covered by the high value contents insurance, while collectibles, guns, expensive wines and what about your sporting memorabilia? All these should also be properly evaluated.
If you are still not quite sure here is what to ask yourself…….
Do you own property that would cost over £250,000 to rebuild?
If any property you own (including holiday or overseas homes) has a high-rebuild cost it’s worth getting a specialist insurance policy. Older homes and listed buildings are especially important to think about. Most insurers leave you to calculate the rebuild cost of your property and this leave you exposed to
underinsurance.
At Ascend we don't make underinsurance your problem by leaving you to guess the amount of cover you need. We will organise for your insurer to provide a full free appraisal to establish the rebuild of your property and agree the new for old replacement value of your contents. We can even offer an “ extended replacement cost guarantee” so in the event that your home is damaged and it costs more to rebuild than the original sum insured the insurers will pay for this—especially important on listed buildings when replacement beams and rare items are very hard to source. So in essence a no sum insured basis.
Is anything you own worth over £10,000?
Even if it’s just a single valuable item – perhaps an engagement ring or an heirloom painting – for your peace of mind, you should have it properly valued and insured. A standard home insurance policy may not give you the cover you need—far too many times we have heard of standard policies failing in the event of a loss.
Do you own fine art, antiques or collectables?
These are included within our programme and we can help you to find the right cover for some of the most unusual valuables. Almost as importantly, specialist knowledge can help you to obtain cover to protect your treasures from everything from theft to humidity. We can even put you in touch with restorers and craftspeople.
And of course you need a reputation for legendary claims service.
The Key Facts
Still not sure?
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