logo-rebrand Skip to main content

Compare high net worth insurance

Find and compare high net worth insurance online in just a few minutes

Powered by

How it works

Enter your details

Get personalised quotes in minutes by providing a few home details.

Compare quotes

Find home insurance that's right for you by exploring our best deals.

Apply and save

Start saving money and apply with your chosen provider.

What is high net worth insurance?

High net worth insurance provides cover for your home and possessions if they’re of a particular high value, in comparison to what you would usually be covered for with standard insurance.

If you know that you have items that should be covered by this specialist type of insurance, then it’s worthwhile comparing quotes.

What is the difference between high net worth insurance and standard insurance?

Standard insurance will be suitable for most, covering buildings insurance, contents insurance or both. However, if you know you have high value items within your home, it’s worth considering high net worth insurance.

High net worth insurance shouldn’t be mistaken for insurance only suitable for the rich and famous. If you feel your home or assets are too valuable to be covered by standard insurance, then high net worth insurance can give you that extra cover you need.

What does high net worth insurance cover?

Due to the increased value of the property or possessions, there’s an increased level of risk associated. If you have numerous items that are valued over around £1,000, then these would be considered as high value items.

Standard insurance can only cover items up to a certain amount, so the maximum amount that will be available for such cover, will not be appropriate for such valuable items should an accident or theft occur. 

High net worth insurance will provide the added protection that you need, and reassurance that your cover can effectively be used should something go wrong.

Ranging from jewellery, to cars and the house itself.

If your home is valued at £750,000 or above, you might want to consider getting a quote to make sure that you will be covered in the event of a damage, or an accident like a fire. 

Examples of what might be covered:

Homes

  • High valued homes

  • Outbuildings

  • Second home insurance

  • Homes abroad

  • Listed properties 

Contents and Assets

  • Expensive valuables - such as paintings, furniture, jewellery  

  • Cars

  • Designer clothes

  • Gadgets

  • Boats

Some policies will offer extra cover including: 

  • Worldwide cover for your contents insurance

  • Legal advice

  • Specialist fine art cover, including help valuing your items.

  • Liabilities cover if you employees at the home, such as cleaners or chefs 

  • New for old cover

Different types of high net worth insurance 

What your insurance will cover, will vary depending on what your insurance company covers, or how you specialise the cover.

High net worth insurance break down:

Buildings insurance 

A buildings insurance policy will cover you for the cost of repairing your home should it become damaged or destroyed. This type of insurance is necessary if you own your home or you’re a landlord. However, if you’re renting then you won’t require this level of protection and should consider contents insurance instead.

With buildings insurance, the structure of the home is covered and will sometimes include outside buildings, such as sheds or garages.

With high net worth home insurance, some policies can offer unlimited cover, or limits of up to £12 million. 

Make sure you check and compare insurance policies and how much they will cover.

When you're taking out building insurance it's the rebuild value, not the market value that you’ll need cover for. Find out how to calculate how much home insurance you need and compare building insurance.

Contents insurance 

A contents insurance policy will cover the cost of your possessions should they become damaged, destroyed or stolen. 

You can compare different policies for contents insurance so that it can match your personal needs. When calculating the costs of your contents insurance, this is a key time to consider the actual value of your personal possessions. The best way to make sure that nothing has been missed from your estimate is to check room by room what you own and what you’d like to insure. 

With high net worth insurance, you might even be able to get insurance that offers unlimited contents cover. 

Standard contents insurance could range from £1,000 to £2,500. Whilst with a high value home insurance policy, this could range from around £5,000. 

The more assets you have the higher the cover you might need.

Things to consider when taking out high net worth insurance

Make sure that when you are valuing your items, you aren’t under valuing them. Should the worst happen, you want to make sure you have told your insurer the correct cost of replacement.  These amounts can be rough estimates, but should be as close as possible.

Keeping a record of these valuations as well as photographs if possible is a good idea to have reference of the original conditions. Some insurers might request these images. 

Regularly check your items value, as these can change over time, such as art or jewellery.

Exclusions of high net worth home insurance

Some of the common exclusions are:

  • Nuclear hazards

  • War

  • Terrorism

  • Faulty workmanship

Home insurance guides

Do I need pet insurance?

Home insurance - Do I need pet insurance?

Pet insurance can give you peace of mind and protection for your pet against unexpected vet bills, illness or accidents. Compare pet insurance policies to find out what works for your family. Our guide also looks at any alternatives that might be available.

Learn more
Wardrobe cover: insuring your clothes

Wardrobe cover: insuring your clothes

Even if you don't own much designer gear, the cost of your clothes can add up. Could you afford to replace them all? Read our guide to wardrobe and clothing insurance.

Learn more
New for old or contents indemnity cover

New for old or contents indemnity cover?

New for old insurance policies are designed to replace your stolen or damaged home contents, with new equivalent items, even for your older possessions.

Learn more
coloured doors

Home Insurance for Unoccupied Property

Compare unoccupied house insurance and find out what it covers and how you'll be protected. Learn about how your home insurance policy can be affected if you're not around and your home is left unoccupied.

Learn more
coloured doors

What is home insurance?

Home insurance will cover you if something happens to your home or its contents. Do you know what to include in your cover, or how much cover you even require? Read our guide to find out more.

Learn more
Working from home insurance

Working from home insurance

Does your regular home insurance cover you for working from home? Read our guide and find out whether you need to consider working from home insurance.

Learn more

Compare high net worth insurance

Compare quotes to cover your home and most valuable belongings