HIGH VALUE HOME
INSURANCE
We help high value property owners compare insurance quotes with less hassle , no matter where abouts in the UK you're based .
Whether you own a terraced house or a mansion, it is a legal requirement to have home insurance secured on your property. Home insurance will cover not only the foundations of your property but also your personal possessions.
Home insurance is essentially made up of two separate products, both of which are a critical part of owning a home of any size; buildings cover and contents cover:
But what happens if you have a larger property of more than 7 bedrooms, or a larger value of valuables such as antiques? Regular home insurance policies won’t be able to cover such expensive items due to the increased risk of theft or damage; in this case your property will need some high value home insurance.
Larger and more expensive properties will be more at risk of being burgled because of the value of the contents they contain – from fine art to Ferraris – and the buildings themselves may also be listed or be specially built from the ground up, both of which can affect the price of your premium.
When it comes to finding a home insurance policy for a higher-value home, different brokers will have different criteria for what they regard as a house of high value, this can include:
Standard content insurance policies will usually value items by their recommended retail price, but for higher value or antique items it can be difficult to equate the value of said items.
Because of potential fluctuations in value it can be worth insuring these items against a specialist high value home insurance policy in order to make sure you get back as much of the predicted value of your items back should they be damaged or stolen – even if the items are priceless to you.
High value home insurance policies can be tailored to add extras in order to cover the external aspects of your property – including gardens and garages – and these can vary from broker to broker, so if you’ve a large collection of rare shrubbery in your grounds it could be worth mentioning to your broker.
If you have domestic staff who work on your premises, then it can be worth seeing if your policy includes some form of Employers’ Liability, this would help to cover the legal fees involved should a staff member bring a claim against you as a result of an accident or injury whilst under your employment.
If you’re looking to save money on your high value home insurance, pop in a few details here at Quotiva and let us do the searching for you. Using a network of UK-based brokers we can find the best deal for you.