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High Net Worth Insurance – What is it?

High net worth insurance provides insurance cover for the unique requirements of high net worth individuals. High net worth insurance policy details are based specifically on the economic situations of individuals and their families. Most high net worth insurance policies include cover for excess liability, high value properties (often multiple properties in more than one country), collections (anything from stamps to paintings), kidnapping, collections of classic cars, private airplanes, yachts and much and more Bio .

A Common Misunderstanding About Net Worth | Akhil Peddikuppa

High net worth car insurance

One common trait amongst high net worth individuals is their love of cars. Many such individuals invest in or simple collect for pleasure classic or high performance cars. Such high value or rare cars often will not receive adequate cover under normal car insurance policies. High net worth policies will tailor their cover specifically to the policy holders collection to ensure that adequate cover is provided.

High Net worth Property Insurance UK

The largest asset most people own is their home. Net worth individuals often own more than one home, often in various countries. Standard home insurance policies may not be adequate as with multiple homes, un occupancy periods may be breached potentially resulting in claims being refused. Expensive homes and mansions need specialized coverage in case of a loss, because repair costs will be high. High value home insurance promises to rebuild or replace homes in a way that will equal their current value at the time of the loss, without cutting corners.

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