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UK and Overseas Properties and Contents

What is Mid Net Worth (MNW) or High Net Worth (HNW) insurance cover?

Owning a higher valued home, country house or listed property in the UK should not be left to an ordinary, private home insurance cover.

What these cherished assets require are a personalised insurance policy designed to match the needs of these properties. Mid or high net worth policies are created for exactly these specific circumstances. These policies are constructed to be generous, and the claims services are exceptional.

Why do you need MNW or HNW cover?

A large, modern or recently refurbished home may feature contemporary open plan living with brand new, sophisticated plumbing bathroom and kitchen installs and fittings significantly increasing the value.

If you also upgrade your home with a basement conversion or high-tech cabling and wiring then your home may move into a more expensive price bracket. The higher value is fantastic on your wallet but your current plan may not cover any of these specialised works, if a claim does occur. However, a MNW or HNW policy does.

Let’s take a closer look at these two policies.

What does MNW policy cover?

MNW policies are when the property encompasses a minimum of £75,000 contents and a rebuild value of a house starts at £300,000.
MNW Covers a minimum of   £300,000 Rebuild Cost   £75,000 Contents
HNW Covers a minimum of   £750,000 Rebuild Cost   £150,000 Contents
What does HNW policy cover?

HNW policies are when the property encompasses a minimum of £150,000 contents and a rebuild value of a house starts at £750,000.
Many people underestimate the value of their home and contents, which has dire consequences during a claim. Your affluent, loving home and belongings would not be protected, which is difficult to deal with.

It is emotional to lose personal property and belongings. But with the right cover, knowing you have the correct compensation and security during those unfortunate moments, eases the emotional journey a little bit.
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