High Networth Homes - Additional Info

Feature Benefits of this policy Standard Insurers* Your Buildings, contents and valuables – what are you covered against? ‘All Risks’. Accidental physical loss or damage is covered as well as perils such as fire, storm and theft. For example spillage of paint on a wooden floor/carpet, or accidental breakage of a vase. Usually only certain defined perils (e.g. storm, flood, fire etc). Accidental damage is available in return for extra premium but very often this cover will be limited to or exclude certain items. Valuables We provide automatic cover up to € 7,500 per item. If you need more cover you just need to tell us – there is no need to list every single item. We would need proof of ownership and the item’s value at time of claim. Very often you will need to list individually items exceeding €3,500 in value and provide valuations. Additional premium is also usually charged to cover high value items such as fine art and antiques. Fine Art and Antiques We provide loss in value cover following damage automatically and our premiums are normally cheaper than standard contents. We’re also happy to insure high value items. Usually need to list items separately with extra premium being charged. Cover outside your home Your possessions are covered anywhere in the world as standard. Normally restrictive cover with significant limitations for items removed from the home. Policy Conditions Relatively minimal & designed not to hamper your lifestyle (i.e. if we require a burglar alarm we will usually not insist that it is put into operation each time you leave the property – this is left to your sensible discretion). A range of restrictive conditions will often apply (e.g. insurers will often insist that the alarm is set each time you leave the property – even if you’re just popping out to collect your Sunday paper). Is your loss covered? An important aspect when a policy is on an ‘all risks’ basis is that a loss is covered unless excluded – a much broader interpretation than standard. When the policy basis is “defined perils”, you have to prove that the specific peril caused the damage. This can often be difficult. Specific Categories Hiscox Cover Typical cover offered by standard insurers* Outdoor items Covered to € 7,500 Typically covered to € 650 Bicycles Up to contents sum insured Typically covered to € 125 Money Covered to € 7,500 Typically covered to € 385 Credit cards Covered to € 45,000 Typically covered to € 1300 Lost keys (replacement of locks) Up to contents sum insured Many policies do not provide this cover. If covered, a limit of € 700 usually applies. Possessions in unattended motor vehicle Included without limit Usually excluded Family Legal Expenses Covered up to € 150,000 when you have contents cover. Available at extra cost, often limited to € 25,000 Fatal injury as a result of fire or theft in your home € 75,000 per person (€ 7,500 if under 16) € 3,200 per person