• We provide tailored insurances to meet your exact requirements and can cater for your UK Home, Holiday Homes, Cars, Overseas Properties and Yachts all under one roof.

• We keep up to date with fluctuations in markets our clients are concerned with, be it increases in Art, Jewellery or Wine collections we keep our informed on movements in the markets to ensure they remain covered properly at all times.

• You are provided with a dedicated Account Manager who will handle your policy throughout its lifetime to ensure you have a single point of contact who fully understands your lifestyle, requirements and cover.

• Access to a wide range of insurers to ensure we carry out a comprehensive review of the market to ensure you are always with the best possible insurer each year.

• We are able to conduct home visits where required to assist with calculating rebuild costs and content sums insured.

We are seeing an increasing number of clients who have been with the same provider for several years but are not being rewarded for their loyalty. Increases in home insurances are to be expected as most comprehensive policies automatically increase your rebuild and content sums insured to allow for inflation ensuring you are adequately covered, however, these increases should typically account for a 3-5% increase at renewal. Clarke Williams take the hassle out of the renewal process by carrying out a full market review to ensure that you are always with the best insurer who meets your requirements.

If your premium has increased significantly, we are able to carry out a confidential review of your home insurance policy and provide analysis of the coverage we believe you should have in place aswell as presenting alternative options. This is a discreet service that will not alert your existing provider or broker and is a free, no obligation service.

There are several factors that affect how insurers calculate your insurance premium and as specialist brokers for High Value Home Insurance we can help you understand how these impact you and how to implement risk management processes to reduce your premium.

The main factors that affect Home Insurance premiums are:

Where you live:
Insurers use their own data along with government statistics to assess the area surrounding your property in order to rate each postcode and address individually which determines the premium you pay. Insurers also review environment agency flood data to asses the risk of surface water, river or the sea to your property, the higher the potential risk the higher your premium will be. If an insurer has experienced several claims within the local area they may also apply a higher premium to protect against future losses.

Previous Claims:
Your previous claims experience plays a large factor in what discounts an insurer can apply to your Home Insurance premium with generous discounts available if you have operated claim free for 5 or more years. Certain claims may lead to insurers refusing to offer cover or applying restrictions in cover to limit their exposure such as excluding Subsidence if your property has previously been underpinned or applying a higher excess if you suffer several of the same incident such as escape of water. Clarke Williams have access to a wide range of insurers who can assist if you have an adverse claims history or are struggling to find cover.

Building Materials:
The materials your property is built from will affect the price you pay. The main area of concern for insurers is potential fire risk, if your property has wooden features, such as timber frames, your premium may be higher based on the increased risk of fire damage. Likewise, any use of non-standard materials that may cost more to source/repair, or are of a higher specification could also result in a higher premium. We have worked closely with insurers to ensure we can provide cover for non standard construction properties aswell as Grade listed properties which some insurers refuse to cover due to the increased costs in repairing and sourcing appropriate materials.

High Value Contents
Unlike standard home insurance policies, High Net Worth Home Insurance policies are able to cater for high value items such as Art Collections and Jewellery, however single items typically over £15,000 may attract slightly higher premiums due to the potential loss if anything happened to that item. As these policies are typically written on an all risks worldwide basis there is a considerable risk of Loss or Theft if an insurer is covering a £25,000 Diamond Ring while you are on holiday for example. Similarly, a high value painting may attract higher premiums depending on the security that is present at the home. We work closely with our clients to understand their contents and use our experience to advise on risk management strategies such as improvements to security, wearing habits or obtaining valuations to ensure you are truly protected.

Insurance Premium Tax
Every premium in the UK includes a contribution towards Insurance Premium Tax (IPT) which has increased steadily over the past couple of years. In 2016 the Government increased the tax rate from 9.5% to 10% which increased the cost of all home insurance policies. A further 2% increase was introduced in June 2017 and another increase before 2020 is inevitable. Unfortunately, this is an area that is ultimately outside of the control of the public, brokers or insurers however as members of the British Insurance Brokers Association we will lobby against any future increases.

Get a comprehensive tailor made solution for your High Net Worth Home Insurance today, call one of our experienced account managers on 01732 252898 to discuss your needs.