Household insurance frequently asked questions
What is a typical price for high value home insurance?
Unfortunately there is no ‘typical’ price, as the assets owned and the risks that they carry are completely different from one person to another. Price will vary with factors such as:
- Contents and rebuild value
- Added risks such as subsidence or flood zones
- Listed or historic buildings
This means that no two policies are exactly the same, and you should gain a personal quote to establish exactly how much your home insurance will be.
What does high value home insurance cover?
High value home insurance can be tailored to cover a large range of things. For example, a policy might include cover for items such as:
- Buildings and contents
- Fine art, wine, antiques and jewellery
- Rebuild costs (which can be extremely high for historic properties)
- Outdoor furniture
- Legal expenses, for example employee cover for house staff
There are numerous options available, with many policies adaptable to the unique requirements that often accompany historic and high value properties and their contents. To find out exactly what is covered you should consult your policy’s schedule for full details and exclusions, or contact your insurance broker directly.
Will high value home insurance cover tenants?
Each policy is set up on a bespoke basis, and as a client it is your responsibility to tell your insurance broker if you have tenants living with you. If the property is a Let Property and not occupied by the owner then tenants can be covered under the owner’s main home policy, but only if they meet certain criteria.
If cover cannot be provided under the owner's policy then the tenants must arrange cover for their own contents under a separate policy.
Where can I buy high value home insurance?
There are many specialist insurers and brokers, such as Aon Private Clients, who offer policies tailored to the requirements of high value homeowners. This means that you can buy home insurance from someone who understands your unique requirements and can offer a tailored policy to suit your needs.
Call 0845 075 0492 and speak to one of our team for more information.
How to save money on the cost of home insurance?
The most important thing to remember when comparing insurances on price is to make sure that you are comparing like for like cover. Many policies are cheaper because they do not offer the same level of cover, and this could leave you under insured and possibly regretting your decision should you need to make a claim.
Check that a policy has all of the cover you need, such as the right rebuild cover, accidental damage and any specific high value collectables such as antiques. Ensure that you get cheaper insurance, not simply less cover. One way of making sure of this is by using a broker such as Aon, who will establish your requirements and then go to a panel of leading high value home insurers to find the policy that is best suited to you.
Email:
private-clients@aon.co.ukPhone:
0845 075 0492Existing Clients:
01252 767 198Mon to Fri
9am till 5pm
