High-Value Home Insurance

High-Value Home Insurance

Do you own a particularly valuable house? Does your home contain expensive items like jewellery, art, and technology equipment? If so, you may need a high-value home insurance policy.

What Is High-Value Home Insurance?

High-value home insurance is a specialised home insurance policy that covers homes that are particularly expensive or contain highly valuable contents. Such assets may not be covered under a typical home insurance plan. If you own a highly-valued home such as an estate or a manor, you may well need to update your policy.

 

High-value home insurance is not just for millionaires. If you have any valuable items in your home, such as a piano, expensive jewellery, or artwork, you may need to check your insurance policy. Your belongings might be over the limit of your plan’s contents cover.

 

If you have a standard home insurance policy and your expensive items are stolen or damaged, you may not be covered and will have to replace them out of your own pocket.

What Are The Benefits Of High-Value Home Insurance?

It is wise to consider a high-value home insurance policy if you have any expensive items in your home. Some of the benefits of such a plan include:


  • Peace of mind that your home and its contents are adequately protected
  • Avoidance of financial setback if your home is damaged or expensive items stolen
  • Liability protection in case of third-party injury or damage
  • A bespoke plan customised to your specific needs
  • A dedicated account manager

 

If you have a high-value home or belongings, get in touch to discuss a plan that’s right for you.

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by Niraj Mamtora • 2 June 2021
At Forum Insurance we know that if we look after our clients, our clients will look after us. With over 30 years of experience we ensure our clients have the correct covers tailored to protect themselves and their business. We use our extensive access to the wider insurance market to find the best cover at the best price. We are pleased to see the Financial Conduct Authority (FCA) announce that from January 2022 home and motor insurance policies renewals will be offered the same price as new customers. Sheldon Mills, Executive Director, Consumers and Competition at the FCA commented; “These measures will put an end to the very high prices paid by many loyal customers. Consumers can still benefit from shopping around or negotiating with their current provider – but won’t be charged more at renewal just for being an existing customer.” Click here to read the full press release. This is already a part of our renewal process; as we approach the insurance market and search for the best cover and price for each policy. This is one of our key reasons we have a 4.8 out of 5 star rating online . The new rule set by the FCA will improve genuine competition within the insurance market, as firms will no longer be able to offer below-cost prices to attract new customers. This predatory pricing practice harms consumers long term by increasing insurance premiums for everyone. We look forward to seeing the FCA’s next steps and welcome any changes that improve the insurance market for our clients. Want to experience how we put our clients first? Call us on 0208 909 2899 and get a same day quote.
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