Why High-Net-Worth individuals need specialist insurance

Posted by Lee Partner, Head of Private Clients and Commercial

When it comes to protecting wealth, standard insurance policies often fall short. High-net-worth individuals (HNWIs) typically own unique assets, live in exceptional properties, and lead lifestyles that require a more tailored approach to risk management.

At Kerry London, we understand that your insurance needs are as individual as you are – and that’s why our Private Clients Insurance team offers bespoke solutions designed to safeguard what matters most.

Beyond the basics: Why standard insurance isn’t enough  

Traditional insurance policies are designed for the average household. They often come with limitations on the sums insured, exclusions for high-value items, and little flexibility. For HNWIs, this can leave significant gaps in protection. Whether it’s a fine art collection, a classic car, or a Grade II listed home, these assets require specialist knowledge and underwriting.

What are the benefits of specialist insurance? 

Here are some reasons why high-net-worth individuals benefit from tailored insurance solutions: 

• Coverage for unique assets and risks 

Whatever high value item you’re looking to protect, from collectibles or High Value Jewellery Insurance to Yacht Insurance, our policies are designed to cover valuable and often irreplaceable items, typically on an agreed value basis. 

• Worldwide protection 

 Many of our clients travel frequently or own properties abroad. We offer global coverage that ensures peace of mind wherever you are, often with allowances for extended periods of time away from your domestic property. 

• Tailored personal solutions and service 

Our Private Clients Insurance team works closely with you to understand your lifestyle and exposures, offering proactive advice to mitigate risks before they arise. We pride ourselves on being trusted advisors. Our team provides a confidential service, ensuring your insurance is handled with care and precision. Standard insurance policies are offered on a non-advised basis, which can lead to repudiation of claims if clauses and terms are not adhered to or understood.  

Kerry London’s Private Clients offering  

We combine the strength of Lloyd’s expertise with our local knowledge and giving our clients access to world-class insurance markets and solutions. Our Private Clients division provide specialist insurance to cover the following: 

• Private Household, UK and overseas insurance
• Fine Art & Collectibles Insurance
• High Value Jewellery and Watches Insurance 
• Luxury Yacht & Marine Insurance 
• High performance or Prestige Car Insurance 
• Travel Insurance 

We don’t just provide insurance – we build long-term relationships. Our goal is to become your trusted advisor, helping you protect your legacy and navigate complex risks with confidence. 

Dedicated claims support when you need it most 

We know that when something goes wrong, you need fast, expert support. Our clients benefit from a team of dedicated claims professionals, who understand the complexities of high-value losses and handle each case with care. We advocate on your behalf, ensuring claims are resolved efficiently and fairly – so you can focus on what matters most. 

Whether it’s a damaged artwork, a stolen watch, or a flood in a heritage property, our claims specialists are here to guide you through the process with minimal disruption. 

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Kerry London is authorised and regulated by the Financial Conduct Authority. The company is a leading UK independent and Lloyd’s registered broker, which means that we work with a wide range of niche and major insurers.

This note is not intended to give legal or financial advice, and, accordingly, it should not be relied upon for such or regarded as a comprehensive statement of the law and/or market practice in this area. In preparing this note, we have relied on information sourced from third parties, and we make no claims as to the completeness or accuracy of the information contained herein. You should not act upon information in this bulletin nor determine not to act without first seeking specific legal and/or specialist advice. We and our officers, employees or agents shall not be responsible for any loss whatsoever arising from the recipient’s reliance upon any information we provide herein and exclude liability for the content to the fullest extent permitted by law.

Categories: Articles by Lee Partner, Private Clients,