Considering a High Value Home Insurance Plan
Your expensive items of jewellery, important antiques, works of art and hi-tech home entertainment systems might not be properly protected under a normal property contents insurance plan. Frequently a standard house contents policy will fail to provide adequate levels of cover for these sorts of expensive items and maybe you therefore ought to consider a more specialist High Value Home Insurance or Jewellery Insurance plan.
Adequate insurance protection for your high value pieces is commonly ignored
We live in a modern society whereby financial success is often measured by the quantity of personal possessions we have obtained, yet making sure that your collections of fine art, priceless antiques and precious jewellery are fully covered by insurance, for all eventualities, are often overlooked.
It’s well worth assessing the really expensive items you will have purchased, on a frequent basis. It is very all too easy to lose touch with the number of luxurious objects you might have in the house that are not completely protected under a normal home contents insurance policy. As an example it’s possible you have recently inherited a valuable family heirloom or invested in the latest, high tech, 52 inch, 3D TV and home cinema audio system.
A high value home insurance scheme offers improved amounts of cover
A specialist high value home insurance plan or high net worth insurance plan, as it is sometimes referred to, provides the best security and a variety of benefits that may not be offered within a regular house contents insurance plan. This type of policy was created to offer enhanced and highly adaptable protection which is generally aimed at clients with house contents that are valued more than 75,000.
Generally, a high value home insurance policy should include the following:
Customised and bespoke security, specifically designed to cover your personal valuable possessions including jewellery, antiques and paintings
Global “All Risks” cover, which includes accidental damage, for your expensive possessions
All claims must be settled on a “new for old” basis, without having deductions for wear and tear, including clothing
Zero “average clause”, therefore no under insurance penalties
No separate valuations required for objects fewer than 25,000 or 50,000 for art
An efficient and dependable claims service
Global yearly travel insurance, for you and your family, though a supplementary premium may perhaps be required for this.
Though a high value home insurance plan is often more costly than a conventional property contents insurance policy, it’s really a reasonably small price to pay for the enhanced level of insurance available for all of your precious possessions.
This article has been written by the author, Eric James. Should you require any moreHome Insuranceplease visit his Insurance Policy resources!
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