Very simply, high net worth individuals have unique insurance needs, that require specialised cover, beyond that which standard policies provide. High net worth insurance is designed to protect high-value assets, such as homes, vehicles, art collections and other valuables, from a wide range of risks.
You might have a period home, with high rebuild costs to consider, or multiple homes, including second homes, holiday homes and investment properties. You could be undertaking a renovation project which you need to protect against specific risks. You might own an art collection that is ever-increasing in value, antiques, heirlooms, a wine cellar, or a jewellery or watch collection to protect against theft, damage, and loss, at home or while you travel.
Classic cars, supercars and family fleets all need bespoke policies, with agreed value policies and agreed bespoke repairs, with your choice of expert repairer.
The only way to ensure you’re covered, is to work with expert brokers, who truly get to know you and your estate as it grows and changes. If the worst does happen, high net worth insurance can provide cover for the true cost of restoring or replacing damaged or lost items.
If your estate (excluding your home) is worth upwards of £755,000, odds are you accumulated this over time, and it can be easy to under-estimate the value. Vanderbilt know that 80% of people are over or under insured and will endeavour to make sure your policies are always up to date, negotiating the best price for the most appropriate cover in the process.
Vanderbilt can offer one renewal date across all your policies, for your ease, and we stay in touch throughout the year, to make sure we’re aware of any changes. Our unique app is designed to make your life simpler. You can see all your policy documents in one place, no call-centres, and no scrabbling around to find bits of paper and forgotten reference numbers.
If you’re a frequent traveller, we can offer household policies that specialise particularly in worldwide coverage of all contents and valuables, including replacement value for contents rather than current value. This means you don’t have to worry about having to keep checking the market or getting valuations, and gives you worldwide travel insurance and emergency assistance to protect you whilst you and the family are away.
We have strong relationships, built over 15 years, with leading insurers such as Hiscox, Chubb, Zurich Private Clients, and Aviva Private clients to name a few. We have dedicated underwriters within these companies who we speak to personally, and who understand our cliental and their bespoke needs. This really helps when dealing with deadlines and securing competitive premiums.
If you’re a HNWI looking for bespoke, personable insurance, tailored to you, just call us on +44 (0)20 8156 7051, we’re always at the end of the phone, ready to help.