Can I just use a standard household policy?

Standard home insurance policies do not provide high enough limits for mid or high net worth customers.

The exact thresholds will vary, but generally speaking, if any of the following apply, you should consider moving away from a standard household policy, to either a mid or high net worth insurance policy:

• A home valued (cost to reinstate) at £750,000 or more
• Your general contents exceed £100,000
• The valuables you own, such as jewellery and art, exceeds £25,000

You will then require broader protection and higher limits for your valuable belongings, beyond that offered under a standard home insurance policy.

What is the difference between a mid-net worth policy and a high net worth policy?

Mid-net worth policies have been introduced to bridge the gap which exists between assets which need wider cover than available under standard household policies, but do not quite require the enhanced coverage of a high net worth programme.

It isn’t something you need to worry about. We know which insurers will offer products suitable to your requirements, so you can leave it to us to recommend an appropriate programme.

What do mid and high net worth policies cover?

Each policy differs slightly, however often these policies would cover:

• High-value homes: Including listed buildings, properties with unique features, and those in affluent areas.
• Contents: General contents as well as valuable items such as jewellery, art, antiques, collections, and designer goods.
• All risks cover: Provides comprehensive protection for your belongings, both at home and worldwide.
• Legal Liability: Covers legal expenses if you are held responsible for injury to third parties, damage to someone else’s property, and sometimes also injury to domestic staff.
• Additional benefits: Many policies offer optional extras like home emergency cover, legal expenses, and access to specialist services.

Why choose Daines Kapp for your high net worth insurances?

Whether you have an exceptional property, jewellery or fine art collections, or multiple locations, we will provide a policy which meets your needs. Our services include:

• Tailored protection: We can customise your policy to meet your specific needs.
• Expert claims handling: Our dedicated claims teams help guide you in the event of a claim.
• Peace of mind: Join our growing private client customer base, assured your valuable assets are fully protected.

We understand the unique insurance needs of both mid and high net worth individuals. We know that your needs are non-standard and will go the extra mile to ensure we deliver a comprehensive insurance solution. Our experienced brokers can assess your requirements and find the perfect policy to safeguard your lifestyle.

Contact our personal lines team today on 01920 484844.