High Net Worth Insurance: For appropriate risk coverage on your high-value assets
A High net worth insurance cover various kinds of items requiring greater levels and kinds of covers to provide an increased value of risk to the insurer. These include items like high-value homes and contents, prestige and luxury cars, antiques, fine art and collectables. High Net Worth insurance may also cover individuals having high profile occupations when they themselves are a high-value risk to get insurance. Such individuals include professional singers, footballers, sports people, actors and other celebrities. Difference between standard insurance and high net worth insurance Standard insurance policies do not cover such items and individuals having a high-value risk. Therefore, high net worth insurances have to be tailor-made for individuals. An insurer would weigh an increased risk and the increased value to provide for an enhanced cover. While a standard policy would provide for lower set limits on what can be paid for certain items, but it most likely b way les