After all, it's what drives us to get to know you better and deliver high levels of cover and customer service. It's why we're here when you need us, supporting you, your family and your lifestyle with high net worth insurance.
Each of our clients and their families have their own dedicated Client Executive looking after them. As our clients' needs change and develop, so do their policies.
Your houses are where memories are made, and traditions created. Whether you want standard protection for your main property, during a renovation, or protection for multiple properties in the UK or overseas, we can help.
Find out why we’re trusted by high net worth clients in the UK and aboard, to help them protect their homes.
Whether you've chosen to drive something special on the road, or you've taken up sailing or aviation, we can help. Our Private Clients insurance team can help you find cover for:
Performance cars
Classic cars
Yachts and motorboats
Aircraft
Your passions and hobbies are what make you, you, and our aim is to make sure you can continue enjoying the things you love, without the worry.
Whether you collect ceramics or contemporary art, sculptures or stamps, watches or Winston's, or need to protect premium bicycles, golf clubs, ski equipment or fishing gear, our team of prestige insurance experts will help find the right policy to protect you and your lifestyle.
From medical and travel insurance to family office and cyber security, we can provide cover for home and abroad and for work and leisure.
You can be sure of your dedicated adviser’s expertise, and their passion to provide the right protection for you.
Our advisors are known for their personal approach. We get to know you so we can understand your unique requirements.
At a glance:
While making sure we deliver insurance that’s exactly right for you is the centre of our world, we recognise it’s not at the centre of yours. Nor should it be. So we make it easy. Our straightforward, personal approach saves you time and delivers the very best outcome, based on your needs.
High net worth insurance products are bespoke, tailored cover for individuals who require all-risks cover for their high value assets.
From high value properties, to extensive collections of art and jewellery, high net worth insurers provide cover shaped to the lifestyle and the portfolio of each client. Typically, cover is offered on a warranty free basis, covering clients’ valuable assets without restrictions.
High net worth insurance can offer higher cover limits, broader protection, and personalised service compared to standard policies. It can take into account the distinct needs of clients.
An all-risk policy, often referred to as "all-risk cover", provides comprehensive protection for your valuable possessions against a wide range of perils, unless explicitly excluded in the policy. It can offer broader cover than a named-perils policy.
While a named-perils policy covers specific risks that are listed in the policy, an all-risk policy covers most risks by default and only excludes those mentioned as exclusions. This can make all-risk cover more comprehensive and flexible.
High net worth insurers typically have minimum sums insured requirements. For example, a main residence with a reinstatement value in excess of £1,000,000 or an accumulative collection value of contents, art and jewellery in excess of £250,000.
High net worth clients typically need structured insurance programmes that can comprehensively insure listed properties, multi-property portfolios, complex travel patterns which indicate varying degrees of occupancy.
Clients that seek these levels of cover quite often want the reassurance that their assets are protected. Their insurance programme is arranged in a way that is easy to understand, with the support of their broker acting as their trusted adviser.
You may require a high net worth policy because you’ve made a new purchase that your current insurer cannot cover. For example, if you’ve purchased a new watch for £20,000 which is above the current insurer’s limit. High net worth insurers generally have higher limits when it comes to valuables and the associated requirements, such as alarms and safes.
You may need a high net worth policy if you can’t comply with the terms of your existing policy. For example, if you spend a lot of time either out of the country or in another property you own, standard policies tend to have an unoccupancy term of 30 days. Insurers can be a lot more flexible with a high net worth policy.
A real benefit of a high net worth policy is to cover all your personal assets under one policy. Typically they would include – buildings, contents, art and antiques, jewellery, watches, and any other niche items such as an expensive collection of handbags / shoes / coin collection/ wine. All of our clients are unique and have different passions. High net worth policies often include additional benefits such as legal expenses, home emergency and travel insurance as standard.
Where possible, we can also look at a portfolio option to include your motor fleet. This helps to simplify your insurance programme and make claims smoother if various assets are damaged in the same incident.
The policies we offer can be adjusted and amended at any time to accommodate new purchases or newly acquired items. At Marsh, we do not charge an administration fee for making mid-term adjustments.
Whilst surveys are not always stipulated by insurers, we would recommend that an appraisal is carried out every three years to ensure your cover reflects the reinstatement value in the current market.
Our insurers can often provide this facility at their expense, to support you in getting the correct cover. Following a risk management survey, insurers typically provide enhanced or guaranteed rebuilding cost cover to give additional protection. This can protect you against increasing reinstatement costs and other unforeseen circumstances and events.
In addition, Marsh also has a risk management team that can provide a survey at an additional cost.
Yes, many high net worth/ private client insurers require appraisals for high-value items like fine art or jewellery to accurately determine their worth and ensure proper cover, which we will talk you through step-by-step.
We always recommend you keep the valuation as up-to-date as possible and within the last 3 years for jewellery, watches, art and antiques. These items can fluctuate in value based on the rate of precious metal and gems, or if an item has been discontinued making sourcing a replacement more costly in the event of loss or theft. Art is also subject to increases or decreases based on purchasing trends.
High net worth insurers will have a requirement for valuations on certain specified items but their criteria for this can vary.
The claims process typically involves notifying your insurance adviser or company as soon as an incident occurs. They'll guide you through the steps, assess the situation, and help you navigate the claim to ensure a smooth resolution.
