Not sure what cover you need for your property? Find out more by reading some of our useful guides about finding the right cover for your high value home and contents.
The first time buyer survival guide
Choosing a home insurance policy for your property is an important decision, but the stakes are raised further with high value homes and belongings. We’ve taken the time to answer some of your frequently asked questions about high value home insurance so you can feel confident you’re making the right decision about your cover.
High net worth insurance, also known as ‘private clients’ insurance, is home insurance for high value property and contents. This can include cover for buildings, contents or both, but the key difference is that high net worth insurance will usually provide a much higher sum insured than a standard home insurance policy.
Buildings insurance will provide cover for the structure of your property, including any outbuildings or property features, such as tennis courts or garages.
The contents section of your policy will provide cover for your belongings, such as furniture and furnishings, and can also be tailored to include cover for fine art and jewellery. These are items that also wouldn’t usually be covered under a standard home insurance policy, or if they are, there is usually a cap on the amount of cover provided for certain specified items. It’s important to make sure you have an accurate, professional valuation for any high value property belongings you wish to insure, as otherwise your insurance could be invalidated in the event of a claim.
If you have any high value contents in your property, such as furniture, clothing or jewellery, you may require contents insurance to cover your belongings as these won’t be covered under buildings insurance.
Howden's, private clients insurance provides contents cover up to a much higher value than standard contents policies, protecting against a range of risks.
As well as the covers listed above, you may also be able to tailor your policy to suit your specific needs. These could include additional elements of cover such as:
Public liability insurance
If you often have visitors and guests at the property, public liability cover can sometimes be added.
Employers’ liability insurance
If you employ cleaners, gardeners or nannies, you could add employers’ liability cover.
Alternative accommodation
You could include alternative accommodation cover to ensure you still have a roof over your head, even if your property becomes uninhabitable following an insured loss
If you don’t have specialist requirements, take a look at Howden’s range of standard home insurance policies.
