Mid to High Net Worth Insurance
Owning valuable assets brings immense pleasure, but it also comes with significant responsibilities and greater risk of loss or damage. Mid and high net worth insurance policies are designed to safeguard higher value properties and valuables, protecting your lifestyle and possessions.
Quick Summary
- Who it is for: Mid to high net worth insurance is designed for clients with high-value properties (rebuild cost above £1m), contents exceeding £100,000, or significant jewellery, art, or wine collections
- Agreed-value buildings cover: Rather than a blanket limit, buildings are insured at an individually agreed rebuild cost, protecting against under-insurance on period, listed, or architecturally distinctive properties
- Valuables scheduling: Jewellery, watches, artwork, and wine collections can be individually specified at agreed values, providing certainty of settlement at the point of claim
- Consolidated personal programme: Home, motor, travel, and personal liability can be combined into a single mid to high net worth programme under one renewal date
- Specialist insurers: Daines Kapp places cover through a comprehensive and reputable panel including Aviva, Chubb, Hiscox and Zurich.
If your home, contents, or valuables exceed the thresholds that standard household policies are designed to cover, you need a mid to high net worth insurance programme — one built around the true value of your assets, not a one-size-fits-all policy limit. At Daines Kapp Insurance Brokers, we have been arranging specialist private client insurance for mid and high net worth individuals across the UK for over 35 years, working with Lloyd’s of London, Hiscox, Chubb, and other specialist private client underwriters.
Our private client team designs individually tailored programmes covering your home, contents, valuables, liability, and lifestyle — replacing the patchwork of inadequate standard policies with a single, comprehensive structure.
When Do You Need Specialist Private Client Cover?
Standard home insurance policies cap limits on buildings, contents, and individual valuables at levels designed for typical UK households. Once your assets exceed these thresholds, standard policies create significant under-insurance risk. As a guide, you should consider a specialist mid or high net worth programme if any of the following apply:
- Your home has a reinstatement (rebuild) cost of £750,000 or more, or is a listed, period, or architecturally distinctive property
- Your general contents — furniture, electronics, clothing, and household goods — exceed £100,000
- Your valuables including jewellery, art, antiques, watches, or collections exceed £25,000
- You employ domestic staff such as housekeepers, nannies, or gardeners and need employer’s liability cover
- You own multiple properties or require cover across several locations simultaneously
Mid net worth programmes are designed to bridge the gap between standard household policies and full high net worth programmes — offering broader protection and higher limits without the complexity of a fully bespoke programme. We advise on the appropriate level based on your asset profile and will not recommend a more expensive programme than your circumstances genuinely require.
What Your Mid to High Net Worth Policy Can Cover
| Cover Section | What It Includes | Why It Matters |
|---|---|---|
| Buildings & Contents | Specialist reinstatement valuations for the structure; new-for-old contents replacement without depreciation; accidental damage included as standard; all-risks cover for possessions worldwide | Standard policies apply average clauses and depreciation formulas that systematically under-pay high-value claims; specialist cover provides full reinstatement without shortfall risk |
| Valuables & Jewellery | Individually specified items — watches, rings, necklaces, designer goods — at agreed values with professional appraisals; worldwide cover including during travel and temporary removal | Single-item limits on standard policies are typically £1,500–£2,500; specialist cover is based on agreed replacement cost eliminating depreciation disputes at claim time |
| Fine Art & Collections | Paintings, sculptures, antiques, wine, vintage watches, and other collectables on an agreed value all-risks basis; loss, damage, accidental breakage, and mysterious disappearance covered | Standard policies exclude or cap art and collections; specialist insurers provide inflation-indexed agreed values reviewed by qualified appraisers to maintain full replacement cover |
| Personal Liability | Up to £10 million personal and occupiers’ liability; employer’s liability for domestic staff; worldwide personal liability extension covering incidents away from home | High-value properties and domestic staff create liability exposures well beyond the £1–2 million limits on standard policies; adequate limits protect personal and investment assets from claims |
| Multiple Properties | Main residence, holiday homes, UK and overseas properties, buy-to-let investments, and country estates all covered under a single consolidated policy structure | Managing separate standard policies for multiple properties creates coverage gaps, overlapping excesses, and renewal complexity; consolidation simplifies administration and ensures continuity |
| Motor & Travel | Agreed value cover for prestige, classic, or high-performance vehicles; agreed value rather than market value settlement; annual travel cover including winter sports, cruise, and business travel | Combining motor and travel within a single private client programme with one renewal date and one broker simplifies management and can deliver better overall terms |
Who We Help
Our mid to high net worth clients include professionals with high-value homes and contents, business owners with lifestyle assets requiring consolidated cover, and families with significant jewellery, art, or collection holdings. We also work with individuals owning multiple properties — main residences, holiday homes, buy-to-let investments — and with those employing domestic staff who need employer’s liability integrated within their personal lines programme.
For clients primarily focused on their primary home and contents rather than a full multi-asset programme, our dedicated home and contents insurance service provides specialist cover as a standalone arrangement.
Why Choose Daines Kapp for Mid to High Net Worth Insurance
Daines Kapp has been a specialist personal lines and commercial insurance broker for over 20 years. Our private client team has access to a carefully selected panel of specialist underwriters — including Lloyd’s of London, Hiscox, and Chubb — who understand the requirements of mid to high net worth clients and provide genuinely bespoke programmes rather than adapted standard policies.
We carry out reinstatement cost assessments for buildings, review contents and valuables schedules as your asset base changes, and manage claims from notification through to settlement — working directly with loss adjusters on complex or high-value claims. For clients requiring the broadest possible coverage across all personal lines, we also arrange comprehensive private client insurance programmes that bring together home, motor, travel, and personal liability under a single broker relationship.
Get a Mid to High Net Worth Insurance Quote
To discuss your requirements or to obtain a tailored mid to high net worth insurance quotation, contact our private client team today.
Get a Mid to High Net Worth Quote →
Frequently Asked Questions
What is the difference between a mid net worth and a high net worth insurance policy?
Mid net worth policies are designed for clients whose assets exceed standard household policy limits — typically rebuild costs above £1m (though some policies apply lower thresholds), contents above £100,000, or sizable collections of jewellery, art, or other valuables — but who do not yet require a fully bespoke high net worth programme. High net worth programmes offer higher limits, greater breadth of cover, more individually tailored terms, and access to specialist underwriters at Lloyd’s and private client insurers. Daines Kapp advises on the appropriate tier based on your specific asset profile and will recommend the most cost-effective programme for your circumstances.
Do I need to have my jewellery and art valued to arrange specialist cover?
Yes. For items above the insurer’s single-item threshold — which varies significantly by insurer — a professional valuation from a qualified jeweller, gemologist, or art appraiser is required to establish an agreed value. This agreed value is fixed at inception, meaning there is no dispute over replacement cost at claim time. Daines Kapp can recommend qualified valuers and advises clients to update valuations every three to five years, or following significant changes in precious metal, gemstone, or art market values.
Can I cover my overseas holiday home on the same policy as my UK home?
Yes. Specialist mid and high net worth insurers can cover both UK and overseas residential properties — including holiday homes and buy-to-let investments — within a single consolidated policy structure. This simplifies administration, ensures consistent cover terms across all locations, and typically provides better overall terms than arranging separate local policies in each country. Daines Kapp has experience placing multi-location programmes across Europe and beyond, including properties in France, Spain, Italy, and further afield.
What happens to my policy if I make home improvements or buy a valuable item?
You should notify Daines Kapp of any significant changes to your asset base — major home improvements that increase rebuild value, significant purchases of jewellery, art, or other valuables, or the acquisition of additional properties. Mid and high net worth policies are designed to be adjusted mid-term without penalty, and insurers in this sector expect to be kept informed of changes. Failing to notify can create under-insurance risk and may affect claim settlements. Our account management team proactively reviews schedules at renewal and is available throughout the year for mid-term changes.
If you are undertaking significant building work, you should notify your insurer before works begin. Construction activity on the premises may require a temporary extension of cover or a notification to underwriters, and failure to disclose this could affect the validity of your cover during the build period.
Can fine art and wine collections be covered on the same policy?
Yes. Specialist private client insurers accommodate fine art, antiques, wine collections, vintage watches, and other collectables within a combined home and contents policy, provided items are individually listed with current agreed valuations from qualified appraisers. Collections can also be covered on a blanket basis up to an agreed total, with individual items specified above a threshold value. Cover is typically provided on an all-risks basis including accidental damage, mysterious disappearance, transit, and breakage of fragile items — far broader than the theft-only cover most standard policies apply to valuables.
How is the rebuild cost determined for a mid or high net worth property?
Unlike standard household insurance — which often applies a blanket reinstatement limit to reduce the risk of underinsurance — mid and high net worth policies require the rebuild cost to be accurately specified. The reinstatement value should reflect the true cost of rebuilding the property to its current specification, including architectural features, materials, and professional fees. An incorrectly stated rebuild cost can trigger the average clause, reducing any claim settlement in proportion to the degree of underinsurance. Daines Kapp can arrange a professional Rebuild Cost Assessment (RCA) from a suitably qualified surveyor, and we recommend reviewing valuations following significant structural changes or after several years have elapsed.
Is employer’s liability cover included if I have domestic staff?
Employer’s liability insurance is a legal requirement if you employ domestic staff — including housekeepers, gardeners, nannies, au pairs, and personal assistants — regardless of whether they are full-time, part-time, or casual workers. Most specialist mid and high net worth home policies include employer’s liability as standard, but the limit and scope should be confirmed. Daines Kapp ensures employer’s liability is correctly integrated within your private client programme and that the coverage extends to all categories of domestic staff you employ.
