High Net Worth Insurance
High Net Worth Insurance branch
Movo can help you with your High Net Worth Insurance
High Net Worth Insurance (HNW) policies are typically aimed at clients who have homes with a rebuilding sums insured cost of higher than £500,000, and/or contents replacement valued at above £100,000.
Let us help you find the best value Business Insurance, using
Movo means you can rely on the following:
A Personal Service
Using Movo as your broker means you will receive a personal service.
Our focus is on spending our time getting to know what matters most to you in order to provide you with the best products at the best possible value with products tailored to your needs.
Choosing an independent broker like Movo means that you will always receive impartial advice. We are not tied to either any group of insurers or individual providers. When you instruct us to quote or act as your brokers you will have the reassurance that we are only looking out for your best interests.
Let us shop around for you
Many of our private clients often find that they do not have the time they need to shop around for their private insurances every year. At Movo we automatically source the best quote each year for you. We always want our clients to get the most value from their policy and not pay any more than they need to.
Support when you need it
Brokers act as your claim advocates when something goes wrong. Most people will never have an issue with their policies.
However, if a dispute were to arise, having an independent agent to support you may prove to be invaluable.
Frequently asked questions
We are here to make your life easier when it comes to all thing's insurance. If you have Property
Insurance cover, you may well have or require some of the below cover also:
What do house insurance products usually cover?
Anything which you own personally including, if requested, buildings insurance, personal contents, valuables, jewellery, money, and your personal liability.
What is personal liability?
This is cover for negligent actions, not related to commercial activities, you may be found liable for.
What is High Net Insurance?
HNW insurance products aim to provide a higher level of protection. Often policies will be advertised as being warranty free.
What is a warranty?
This is a strict condition insurer require you to adhere to for cover to be in force.
As a private buyer do I have any protections?
Yes, the Financial Ombudsman service is open to you in the event of a dispute with insurers. Insurance companies will also have a formalised complaints procedure you can follow in order to resolve any issues.
Can I cover my whole family?
Usually, a household policy will cover all occupants if they are related or cohabiting.
Will I have cover for items away from the home?
You can request this cover although insurers will usually charge for this cover unless it is a high-net-worth policy where it is usually given as standard.
Do I have to declare what jewellery I have?
At the very least you should declare the total amount of jewellery you have and check to see what the single article limit is. If your items exceed this, you will need to refer the item for insurers to consider giving cover.
What is a single article limit?
This is the maximum an insurer will pay up to for any one particular item. Items which are valued at higher amount than the single article limit will need to be referred to insurers for consideration.
What is an agreed value policy?
This is a where a price for damage or loss of an item is agreed prior to the policy inception. This is very useful for motor vehicles like classic cars where it would not be appropriate to apply normal wear and tear valuations. This can also be applied to items like paintings or artwork.
What is an any driver policy?
In personal insurance terms, this policy will usually allow any licensed driver the use of your vehicles subject to them not being resident in your household and meeting a certain criteria.