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Introduction to High End Home Insurance
High value home insurance is a specialist type of home insurance designed for properties that have high rebuild value and/or large numbers of valuable items.
It provides comprehensive cover for high-value homes and contents, including fine art, jewellery, and other precious items beyond a standard home insurance policy. But it is a type of home insurance.
Luxury home insurance offers higher limits and more extensive coverage than standard home insurance policies, with more flexible contents insurance cover.
It is essential for homeowners with high-value properties to ensure they have the right cover in place as standard home insurance may not be sufficient.
High value home insurance policies can be tailored to meet the specific needs of individual homeowners but you need to make sure that your insurance provider can offer that specialist cover.
Why Use Emerald For Your High End Home Insurance
Emerald has been covering high end homes for high net worth customers for many, many years. We aim to be clear, polite, reliable and cost-effective. We score very highly on review websites for our work and our staff are specifically trained in the issues around freeholder insurance.
To get started, please call us on 0330 113 7109 or email us on customerservice@emeraldlife.co.uk and we would love to hear from you.
Understanding High-Value Home Insurance
High-value home insurance is designed for properties with a high market value or those that contain valuable items. it is a specialist cover so make sure that you look for specialist home insurance from a reputable provider, such as Emerald.
It provides cover for buildings, contents, and valuables, including accidental damage and loss or theft.
Specialist companies offer high-value home insurance policies with higher sums insured and more comprehensive coverage.
Homeowners can choose from a range of policy options to ensure they have the right cover for their luxury property.
High value home insurance policies often include additional features such as home emergency cover and alternative accommodation cover as standard, or worldwide cover for ALL contents in your home.
Determining Insurance Needs
Homeowners need to assess the value of their property and contents to determine their insurance needs.
They should consider the rebuild cost of their property, as well as the value of their contents, including valuables such as fine art and jewellery.
It is essential to choose a policy with sufficient sums insured to cover the total value of the property and contents.
Homeowners should also consider additional cover options, such as extended replacement cover and identity theft protection.
A specialist insurer can help homeowners determine their insurance needs and choose the right home insurance cover. While is is not bespoke cover, it is a more flexible type of specialist home insurance with extra worldwide cover for your valuables and all high value items.
Types of Insurance Coverage
High-value home insurance policies typically include buildings insurance, contents insurance, and valuables insurance. Occasionally it can cover more than one property.
Buildings insurance covers the structure of the property, including damage to the building and outbuildings. These may need to be listed as part of the insurance for high value homes
Contents insurance covers the contents of the property, including furniture, fixtures, and fittings.
Valuables insurance covers high-value items such as fine art, jewellery, and precious items.
Homeowners can also choose additional cover options, such as accidental damage cover and home emergency cover. For high value home insurance these are normally included as standard as part of your home insurance cover.
Insurance Policy Details
High-value home insurance policies typically include a range of features and benefits, such as worldwide cover for valuables and substantial alternative accommodation cover. As bespoke cover it can also be more flexible – this is specialist home insurance cover, not standard home insurance.
Policyholders can choose from a range of excess options, including a higher excess in return for a lower premium. This can make a material difference for high value property.
It is essential to read the policy documents carefully to understand what is covered and what is not in your high value home policy. You want to make sure that an insurer can offer cover where that home cover will cover loads in as many situations as possible, so that you are fully insured but for the right price.
Homeowners should also consider the claims service and support offered by the insurance company.
A good insurance company will provide a dedicated claims handler and a prompt claims service. Emerald can do this for you!
Claims Service and Support
A good insurance company will provide a comprehensive claims service and support to policyholders.
This includes a dedicated claims handler, a prompt claims service, and support with the claims process.
Policyholders should expect a high level of service and support from their insurance company, including regular updates on the progress of their claim.
A good insurance company will also provide additional support, such as help with temporary accommodation and repairs.
Homeowners should choose an insurance company with a good reputation for claims service and support. Have a look at Emerald’s reviews and see what you think!
Rebuild Value and Insurance
When looking at high value home insurance, the rebuild value of a property is the cost of rebuilding the property in the event of a total loss and this needs to be accurate.
This can be higher than the market value of the property, especially for properties with a high value or those that are listed. Homeowners should ensure that their policy includes sufficient cover for the rebuild value of their property.
It is essential to review the policy regularly to ensure that the sums insured are sufficient to cover the rebuild value.
Additional Cover Options
High-value home insurance policies often include additional cover options, such as extended replacement cover and identity theft protection or cover for legal expenses.
Extended replacement cover provides additional cover for the cost of replacing contents and valuables in the event of a loss.
Identity theft protection provides cover for the cost of restoring identity and credit records in the event of identity theft.
A specialist insurance company can help homeowners choose the right additional cover options for their needs.
Other Services and Benefits
Policyholders may also be eligible for discounts on their premium, such as a discount for being a loyal customer. A good insurance company will provide a range of other services and benefits to policyholders, including support with claims and repairs.
Homeowners should choose an insurance company that offers a range of services and benefits.
Free services and benefits can add value to the policy and provide additional peace of mind for policyholders.
Insurance Policy Cancellation
Homeowners may need to cancel their policy in certain circumstances, such as if they sell their property. A specialist insurance company can help homeowners cancel their policy and provide additional support and guidance. At Emerald, even with high value home insurance, you can cancel your policy at any time and get a pro rata refund less a small cancellation fee.
It is essential to review the policy documents carefully to understand the terms and conditions of cancellation. Homeowners should also consider any potential penalties or fees associated with cancellation.
Cancellation of a policy should be done in writing, and homeowners should keep a record of the cancellation. Emerald will always write back to you confirming the cancellation.
Conclusion -Emerald Can Help With Your High End Home Insurance
As we discussed above, Emerald can help and in this article we have demonstrated our level of expertise in the area, with well over a decades worth of experience.
To get started, please call us on 0330 113 7109 or email us on customerservice@emeraldlife.co.uk and we would love to hear from you.