Those who decided to take out a high net worth home insurance policy should note that the premiums are likely to be higher as the repairs and replacements to the property will cost more.
There are companies which provide specialist cover for high net worth home insurance. An underwriter may want to check:
- Your location
- Your occupation
- And they may want to survey the property
If you wish to take out a high net worth home insurance policy you should inquire about the following:
- Whether accidental damage is included with your buildings and contents insurance policy.
- If you are provided with sufficient cover for your valuables should something happen to them.
- If you are able to receive insurance cover on everything you would like to secure.