Household Cover

Tailor-made home buildings and contents insurance for quality properties.

	Flexibility to suit your specific requirements
	Premiums which reflect the care you have taken to secure your home
	Some of the widest covers available in the insurance market
	Valuation and risk appraisal services, if required
	Substantial discounts for increased excesses
	Prompt and fair settlement of claims
	Interest-free monthly premium payments
	Help, information and assistance at any time of the day or night
	Free annual family travel insurance including winter sports

Insuring your house, which is often your most valuable asset, takes time and care and with our help your cover can be reviewed so that it fits with your specific requirements. Household insurance should never be simply renewed each year without question.

A separate unit within our Private Client section provides specialist cover for high net worth individuals requiring bespoke cover for more valuable possessions:

	High Value Properties and Contents
	Fine Art and Antiques
	Jewellery and Treasured Collections
	Overseas Property
	Sporting Guns and Bloodstock
	‘All Risks’ Cover - Worldwide

Standard Household insurance policies are simply not designed to offer the specific protection needed by those with substantial personal assets.

Owners of high value homes are consistently shocked when taking an inventory and realising the total value of the contents and possessions they have accumulated.

Stuart Alexander, in conjunction with a select band of leading insurance companies, recognise that people of certain lifestyles require a more flexible approach to being able to protect their assets – no matter what they are, or where they are in the world. We further acknowledge that premiums should reflect the care you have taken to secure your home and your treasured possessions.

WealthSure is a policy designed to provide a no fuss, plain English menu of cover that takes account of these factors.

Some practical differences

	Worldwide cover on an ‘All Risks’ basis for all contents and personal possessions
	No restrictive warranties or onerous conditions. With WealthSure, we do not invalidate any claim if you forget to set your alarm or have inadvertently underinsured
	You only pay for the ACTUAL risk, ie if you have jewellery in your safe that is worth £500,000, but only wear £25,000 at any one time – then the premium is based upon those circumstances - not an assumed risk of half a million pounds
	Specialist cover for fine art, antique, wine and other valued collections
	Automatic cover for new purchases
	Higher single article cover allowance
	£5 million Personal Liability cover
	Depreciation Cover. If a valuable item is damaged, both the cost of professional repair and the consequent loss in value are covered
	Automatic cover for caravans, trailers, rowing boats, hired marquees, family travel, legal expenses, student/child possessions when away from home
	One policy for all your personal insurance needs – including second homes, even outside of the UK.

Underinsured

A recent survey revealed that over 80% of us are underinsured.

Why?

In some cases because we fear that the higher the sum insured, the higher the premium.

On a standard Household policy this is usually true – but not necessarily on WealthSure.

But mostly because we have simply lost sight of the real value of our total contents and valuables.

Firstly, we don’t stop to think of the ENTIRE contents of our houses – wardrobes, draws, cupboards, sheds, utility rooms etc and the cost of replacing all of those things in the event of a total loss such as fire.

Secondly, we just do not realise how the value of our possessions has risen in the last ten years.

Examples

	Good quality antiques have risen by 75% to 200%
	A case of 1982 Chateau Mouton Rothschild, bought for £750 in 1990, is now valued at over £6,000!

Had any building extension work, conservatory, new furnishing in the last 12 months? Has the value been added to your current policy?

Free Valuation

Basically, if you haven’t had a valuation in the last 3 years, the chances are that you are substantially underinsured – maybe by 60% or more!

Recognising this danger, Stuart Alexander have enlisted the expert valuation services of Paul Quastel Valuations.

For a nominal fee of £200, Quastels will visit your home, at your convenience, to undertake a ‘Wealthcheck’ total valuation. If you subsequently take out a Wealthsure protection policy, this fee will be refunded by way of a deduction from the final premium.

Examples

During routine visits, valuers uncover some staggering examples – good news for you as it is additional wealth of which you are unaware.

	Painting currently valued at £17,500 – in fact worth £200,000
	Various items of antique furniture currently valued at £180,000 – actually worth £795,450

Standard Household policy versus WealthSure

Through flexible underwriting and expert advice, WealthSure saved this client over £20,000 in premium.

WealthSure

	Some of the widest covers available in the insurance market
	Substantial discounts for increased excesses
	Interest-free monthly premium payments
	Valuation and risk appraisal services
	Help, information and assistance at any time of the day or night
	Claims normally paid within 48 hours of agreeing settlement

The WealthSure Challenge

Select one room at home – master bedroom, kitchen, lounge

Take a sheet of paper and an hour of your time and make an inventory of EVERY item in the room. Not just furniture, carpet, curtains, paintings, but every cupboard/wardrobe and every drawer. List EVERYTHING you see!

Imagine having to start again, from scratch, and replace EVERY item.
The total value will stagger you !

To obtain a quote or receive professional advice, please contact Jeremy Edwards.