Buying home and content insurance?
With Sydney’s rising house prices and most areas around Eastern Suburb having median property price of over $2 million, it is important to make sure your house is insured for its full value.
Insuring a high value house is a little different to insuring a standard house. This is due to the fact that if you choose a standard home and contents policy, it may not be sufficient to cover your asset and its contents. It is therefore recommended if you have home and or contents that is worth over $2 million to have an insurance policy that protects your most significant financial investment the best that it can.
Prestige Home and Contents Insurance is often recommended for high net value home. Prestige home and Contents Insurance offers coverage for individuals with significant assets to protect and appreciate high level of cover and service for their homes, contents, fine art, jewellery and antiques. And has higher sum insured limits and usually broader terms of cover.
Why choose a broker when it comes to insurance for your high net value home?
If you choose to select your Home and Contents policy directly with the insurer that means the insurer will determine any claim settlement not necessarily in your favour. In some cases, you may be under insured, putting you at risk of not being protected for specific risks.
When you work with an insurance broker like it's insured , the broker ensures you get the right tailored policy. And because the brokers know that not all polices and insurers are the same, the team take the time to understand your circumstances. As we know that every home is unique and every high net worth home insurance policy should be too. The team will assess your need and provide tailored advice on the insurance options available to ensure your asset is protected. Also, you will be able to take the advantage of the team’s regular policy reviews to ensure any changes to your property value is covered.
If you any enquires on your home and contents insurance, contact the team at it’s insured 1800 040 040