All of your more expensive pieces of jewellery, valuable antiques, works of art and high tech home entertainment systems might not be properly protected under a standard home contents insurance policy. Very often a typical house contents policy will fail to provide acceptable levels of cover for these kinds of valuable items and you will therefore need to consider a more specialist high value home insurance plan.
Adequate insurance protection for your valuable items is often ignored
We live in a modern society where personal achievement is often measured by the quantity of personal possessions we have invested in, yet ensuring your collections of art, priceless antiques and jewellery are adequately insured, for all risks, are sometimes overlooked.
It’s always worth assessing the high value items you might have purchased, on a regular basis. It is actually quite simple to lose touch with how many costly pieces you might have in the home, that very likely are not properly insured under a typical home contents policy. For example you might have recently inherited a priceless family heirloom or invested in the most recent, cutting edge, 52 inch, 3D tv and home theatre sound system.
A high value home insurance policy offers greater amounts of protection
A specialist high value home insurance plan or high net worth insurance plan, as it’s often known as, provides the ultimate security and a wide range of policy benefits that may not be offered under a typical household contents insurance plan. This type of policy was created to offer superior and highly adaptable insurance protection and is generally targeted at customers with property contents that will be valued in excess of £75,000.
Typically, a high value home insurance plan will include the following policy benefits:
Personalised and unique cover, specifically made to cover each of your expensive pieces such as jewellery, antiques and paintings
Worldwide “All Risks” insurance coverage, which includes accidental damage, for all of your valuable posessions
All claims should be settled on a “new for old” basis, without reductions for wear and tear, including clothing
No “average clause”, therefore no under insurance penalties
No separate valuations needed for pieces under £25,000 or £50,000 for art
A rapid and dependable claims service
Global yearly travel cover, for you and your family, although an extra premium could very well be required for this
Although a high value home insurance plan could be more expensive than the usual typical home contents product, it’s really a moderately small amount to pay for the advanced level of cover provided for all of your precious possessions.