High net worth home insurance: what does it cover?
October 8, 2025If you have a high-value lifestyle, then this typically demands a different kind of protection for your home and its contents above and beyond standard home insurance. This is where high net worth insurance comes in.
What is high net worth insurance?
Just as the term suggests, high net worth insurance (also known as HNW insurance) is especially tailored to meet the needs of individuals who own high-value homes, luxury possessions, or have more complex lifestyles than standard insurance policies typically cover.
Instead of using a “one size fits all” approach, high net worth home insurance policies are typically tailored to cover:
- high-value or non-standard homes (e.g. a listed building or a home with unique architecture);
- luxury possessions – such as fine art, antiques, jewellery, designer collections, or wine cellars;
- worldwide cover – for belongings taken abroad, often without the strict limits of standard home insurance;
- flexible valuations – policies can cover items on an agreed value basis rather than “new-for-old”.
These policies are usually provided by specialist insurers or brokers and typically come with dedicated claims teams who understand high-value assets.
Why standard home insurance policies may not be enough
Standard home insurance isn’t always suitable for homes with higher rebuild costs or valuable possessions, making specialist cover a safer choice. Why is this?
Unlike the standard home insurance cover’s relatively low limits of cover for single items of your home contents, high net worth insurance recognises that you may have seriously valuable collections of fine art, a well-stocked wine cellar, or other items. High net worth insurance not only recognises the unique value of such luxury collections but also the extreme difficulties you are likely to encounter in replacing lost, stolen, or broken items.
What is more, high net worth home insurance typically may extend worldwide cover to those valuables.
Key features of HNW home insurance
High net worth insurance tailors its cover to safeguarding the foundations and objects of your wealth and financial lifestyle. It does so by tackling a wide range of likely concerns – including but not limited to (and varying, of course, from one insurance provider to another):
- comprehensive cover for your home and its contents – however high-end and luxurious that might be;
- comprehensive cover for multiple homes in your ownership;
- specialised financial protection for all your high-value assets – such as the wine vaults in your cellar to the fine art collection on your walls and any other high-value items you have.
Why a bespoke approach matters
Those defining features of high net worth insurance may help to explain why a bespoke approach really matters.
It is an approach based on an entirely individual assessment of your personal financial circumstances and any vulnerabilities that may be apparent. To complete any such assessment, therefore, you may find that your particular high net worth home insurance policy makes provision for detailed valuations of all your assets combined with the relevant risk assessments to ensure full protection of your home and possessions.
Do you need high net worth home insurance cover?
The term high net worth insurance might seem to embrace only the wealthiest. But it is by no means an exclusive financial product – and is less about the price of cover and more about the peace of mind that it brings to ensure that your home and its contents are properly protected.
To find out more about high net worth home insurance, please contact us today.