Archive March 2010

Higher profile for Reading’s Macbeth

22/03/2010 in The Macbeth Team

Macbeth Chartered Insurance Brokers has hired specialist agency Concise PR to handle its public relations activities.

Reading’s only Chartered firm, Macbeth, specialises in insurance for wealthy individuals and commercial organisations, and is looking to expand further throughout the Thames Valley and London areas.

Macbeth’s Managing Director, Paul Macbeth said: “Concise specialise in the insurance and financial services sector and we look forward to working closely with them to raise Macbeth’s profile as a provider of modern and professional insurance solutions which are tailored to each client’s requirements.”

Homes over £500K may have insurance gaps

22/03/2010 in High Value Homes, Jewellery and Watches

Hundreds of people with homes over £500,000 in Reading and the surrounding area could be leaving themselves open financially when it comes to insurance according to Reading based specialist insurance broker Macbeth.

This especially applies to people who also have contents worth over £75,000 plus jewellery and watches over £10,000.

Paul Macbeth, Managing Director of Macbeth’s said, “You can basically divide the home insurance market into two – higher value home and standard policies. They are very different in both scope and design, and in today’s market too many people do not understand there is a difference and select on price alone without realising they are leaving costly gaps in their cover.”

Higher value home insurance is designed for higher than average sums insured or for people seeking a better quality form of insurance for their homes, possessions and valuables.

Cover is restrictive in many respects and conditions will be applied. Typical limits of cover being £300,000 for buildings, £50,000 for contents and £5,000 for jewellery/watches although it may be possible to insure an additional, expensive item that exceeds the single article limit but charges to do so are usually expensive.

Paul Macbeth added, “And when it comes to claiming, the insurer’s service will generally be quite rigid with claimants being directed to the insurer’s own suppliers and repairers. There is no doubt standard insurance policies are great value for money if you have the average sums to insure. However, if you have an expensive home, contents, jewellery etc then a higher value home policy will be the most effective and competitive way to insure and avoids the tears.”

If you would like more details about high value home insurance, please contact Paul Macbeth ACII (Managing Director) on 0118 9452 944 or paul.macbeth@macbeths.co.uk

Jewellery Insurance – Why is it so difficult to insure single items

21/03/2010 in Jewellery and Watches

Insuring single items of high value jewellery can be a real problem. Most ‘standard’ home insurance providers are unlikely to cover items of jewellery worth over £10,000.

The reason for this is that insurance companies like risks that are balanced and, if the level of jewellery is disproportionate to the general contents sum insured, it will fall outside the acceptance criteria of most insurers.

So if you have been to Graff, De Beers or Tiffany & Co and have purchased an expensive item, what do you do to ensure you have the right type of cover for a realistic price?

Macbeth have a number of solutions. If you would like more details about jewellery insurance, please contact Paul Macbeth ACII (Managing Director) on 0118 9452 944 or paul.macbeth@macbeths.co.uk

Tie me Kangaroo down sport!!

20/03/2010 in Fine Art and Antiques

Macbeth clients, the Lemongrove Gallery are showcasing a new collection of Rolf Harris originals at their Harpenden gallery. The exhibition starts on Saturday 20th March 2010 and runs until Sunday 28th March 2010.

As well as insuring art galleries, Macbeth also offer art insurance to individuals or corporate art collectors.

What exactly is high net worth insurance?

20/03/2010 in Fine Art and Antiques, High Value Homes, Jewellery and Watches

High net worth insurance is intended for individuals with higher than average buildings and contents. Typically these types of policies cover homes valued over £500,000 with contents exceeding £100,000. High net worth insurers can cater for the higher levels of fine art, antiques and jewellery than standard insurers can cope with.

Although premiums are likely to be more than standard home insurance, the cover is always much wider with far less exclusions and claims are dealt with quickly and sympathetically.

If you would like more details about high value home insurance, please contact Paul Macbeth ACII (Managing Director) on 0118 9452 944 or paul.macbeth@macbeths.co.uk

Homes over £500K may have insurance gaps

19/03/2010 in Press Room

Hundreds of people with homes over £500,000 in Reading and the surrounding area could be leaving themselves open financially when it comes to insurance according to Reading based specialist insurance broker Macbeth.

This especially applies to people who also have contents worth over £75,000 plus jewellery and watches over £10,000.

Paul Macbeth, Managing Director of Macbeth‟s said, “You can basically divide the home insurance market into two – higher value home and standard policies. They are very different in both scope and design, and in today‟s market too many people do not understand there is a difference and select on price alone without realising they are leaving costly gaps in their cover.”

Higher value home insurance is designed for higher than average sums insured or for people seeking a better quality form of insurance for their homes, possessions and valuables. Typical features of such policies are included in the notes to editors.

Standard, off the shelf, insurance is designed for an average type of risk and is very much price driven. Cover is restrictive in many respects and conditions will be applied. Typical limits of cover being £300,000 for buildings, £50,000 for contents and £5,000 for jewellery/watches although it may be possible to insure an additional, expensive item that exceeds the single article limit but charges to do so are usually expensive.

Paul Macbeth added, “And when it comes to claiming, the insurer‟s service will generally be quite rigid with claimants being directed to the insurer‟s own suppliers and repairers. There is no doubt standard insurance policies are great value for money if you have the average sums to insure. However, if you have an expensive home, contents, jewellery etc then a higher value home policy will be the most effective and competitive way to insure and avoids the tears.”

Download Press Release

Higher profile for Reading’s Macbeth

05/03/2010 in Press Room

Macbeth Chartered Insurance Brokers has hired specialist agency Concise PR to handle its public relations activities.

Reading based Macbeth specialises in insurance for wealthy individuals and commercial organisations, and is looking to expand further throughout the Thames Valley and London areas.

Macbeth’s Managing Director, Paul Macbeth said: “Concise specialise in the insurance and financial services sector and we look forward to working closely with them to raise Macbeth’s profile as a provider of modern and professional insurance solutions which are tailored to each client’s requirements.” Macbeth’s spokespeople are keen to provide comment for journalists on a range of topics including:

• Re wealthy individuals – homes, additional homes (UK and overseas), jewellery, art, antiques, cars (expensive, classic, super cars)
• Re commercial organisations  – business, property, professional indemnity, management liability, cyber liability.

Download the Press Release