High Value Home & Contents
Wealthier homeowners are the more likely to be under-insured
An estimated 1 in 5 homes in the UK is under-insured and, surprisingly, those more likely to be at risk are the higher income earners. Worse still, most don’t realise until they come to make a claim.
The problems arise over time. With increased wealth we tend to own larger houses and acquire objects of much higher value that don’t fit within the limits of standard insurance policies.
Most people we meet have little awareness of how valuable their standard household contents are. And that’s before considering items of jewellery, expensive watches or pieces of art that may have been acquired over the years. Add to this the large swings in valuation and it all adds up to a picture where it is very easy to be under-insured.
Here are a few easy pointers as to whether you may be under-insured:
- Is your contents cover equivalent to 25-30% of your buildings insurance?
- Do you have more than 4 bedrooms or have you recently extended or renovated your property?
- Do you know the current valuation for your jewellery and other higher value items?
Our prestige home insurance solution includes all the benefits of a standard home insurance policy but is tailored particularly to meet the specialist or more complex issues that come with valuable home ownership.
To discuss how our specialist home insurance solution could improve the protection of your home and valuables, or to arrange a quote, call us now on 0118 9165480 or email us.