Country Homes & Estates:
Property ownership is a part of the financial planning strategy for most people. As well as serving as a home, or an escape to the country in the form of an additional home, these homes will rarely be served well by a standard household policy.
We advise protecting your country home with an insurance product designed solely for this purpose to avoid a gap in cover or underinsurance.
Specialist country house policies are designed to incorporate the fact that the property will most likely be situated within grounds or land of up to 100 acres.
If your property is listed or thatched then these too would benefit from the premium offerings of a specialist insurance product.
Arriving at the correct sums for contents insurance is important. The real challenge today is that people have a greater comfort level with possessions of high value but forget to accurately represent the replacement values when setting sums insured. In most cases where this is tricky to evaluate we would advise a professional appraisal – often insurers can arrange for this to be done at no charge.
Take into account;
- Fine art
- Collectors’ items
It is a toxic duo if your home and contents sums insured are incorrect. Take the time to ensure that these are set at realistic values.