Private Clients

Private client insurance for high net worth individuals

Cox Mahon provide high net worth insurance that delivers bespoke protection for individuals and families with high value assets including homes, jewellery and fine art. Private client Insurance for your high value assets with the right provider, on the right terms, means peace of mind for you with no hidden surprises.

We are an independent, specialist, private client and high net worth insurance broker. As a team of experienced insurance industry professionals, we take the time to understand your lifestyle and personal circumstances. The dedicated team can not only help you find a provider to arrange high value insurance cover that precisely meets your needs, but we can offer independent advice on the options available.

Above all, if you are in the unfortunate position that you have to make a claim, our in-house claims team will work on your behalf to ensure a fair and timely settlement.

Who needs high net worth insurance?

High net worth insurers typically have minimum sums insured requirements. For example, a main residence with a reinstatement value in excess of £1,500,000 or an accumulative collection value of contents, art and jewellery in excess of £150,000.

In our experience, high net worth clients typically need structured insurance programmes that can comprehensively insure multi-property portfolios, listed properties, that may have varying degrees of occupancy; or complex travel arrangements.

Clients that require these levels of cover obviously want the reassurance that their assets are protected. Our team build a relationship with the client, this will ensure that these complex insurance arrangements are easy to understand, and Cox Mahon act as their trusted adviser.

Why might I need a high net worth insurance policy?

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 or fine art which is above the current insurer’s limit. As a rule, high net worth insurers generally have higher limits when it comes to valuables. It is worth noting that in most circumstances they may require additional security requirements, such as alarms and safes.

There is less flexibility with a ‘standard’ insurance 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 a fixed unoccupancy term of 30 days.

What assets can be covered on a high net worth insurance policy?

A major 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 / wine / coin, stamp, or vinyl collections.

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.

Why Cox Mahon for private client insurance

As insurance brokers, we’re here to understand your individual requirements and then work with a niche range of insurance providers to find and arrange a policy that will fully meet your needs. We will guide you through the process every step of the way. Our goal is to arrange cover for you that will respond in the event of a claim, at a competitive price.

Cox Mahon – Insurance Brokers for Private Clients