High Net Worth Individuals Need Specialised Insurance
Why High Net Worth Insurance in Ireland Makes Sense for You
When it comes to protecting what you’ve worked so hard to achieve, high net worth individuals face unique risks that standard insurance policies simply don’t cover adequately. If you’re someone in Ireland with significant assets, whether that’s a luxury home, a collection of high-end cars, fine art, or bespoke jewelry or watches, it’s crucial to have the right insurance in place to protect your valuable investments.
In this post, we'll explore why high net worth insurance in Ireland is the right choice for you and why working with a dedicated broker can make all the difference.
Why Do High Net Worth Individuals Need Specialised Insurance?
High net worth individuals have more complex and unique insurance needs than the average person. Standard insurance policies often fall short when it comes to covering high-value properties or possessions. Pick up the Sunday Independent this week and there is sure to be a story about underinsurance. Why? Heres an example, a traditional home insurance policy may cover your house, but if it’s a luxury property with specialist features, the replacement cost could far exceed the limits of standard coverage.
This is where high net worth insurance packages come in, offering specialised, tailored coverage designed specifically for individuals with substantial assets.
The Benefits of Having a Dedicated Insurance Broker
Navigating the complexities of insurance can be challenging, especially when your assets are diverse and highly valuable. This is why partnering with a dedicated insurance broker who understands the needs of high net worth clients is essential. Here’s how a dedicated broker adds value:
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Tailored, Comprehensive Coverage
A high net worth broker will work closely with you to understand your lifestyle and asset portfolio. Whether you own multiple properties, a fleet of luxury cars, or valuable collectibles, they’ll ensure your policy offers comprehensive protection, closing any potential gaps that standard policies may overlook. -
Access to Specialist Insurers
High net worth brokers have access to specialised insurers who focus exclusively on high-value clients. These insurers offer premium coverage options that aren’t available through regular channels, ensuring your assets are fully protected. -
Personalised Claims Management
If something happens—whether it’s damage to your luxury home or a claim involving your art collection—a dedicated broker will handle the claims process for you, advocating on your behalf and making sure you get the full benefit of your coverage without hassle.
What Does High Net Worth Insurance Typically Cover?
The beauty of high net worth insurance is its flexibility. Policies are fully customisable, offering protection where you need it most. Here are some common areas covered by these packages:
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Luxury Homes and Properties
Whether you own a period home, a modern estate in the country side, or a penthouse apartment, high net worth insurance provides coverage that goes beyond standard policies. It includes protection for specialist building materials, heritage features, and the contents of your home. -
Valuable Personal Items
From high-end jewelry and rolex watches, to fine art and antiques, standard insurance policies often place limits on coverage for valuables. High net worth insurance can offer higher limits—or even unlimited coverage—for your prized possessions, including coverage for accidental damage. -
Multiple Vehicles, Including Classic or High-Performance Cars
Whether you drive luxury cars like Mercedes and Range Rovers, or collect vintage vehicles, high net worth insurance can include tailored coverage for your fleet. This can include agreed-value policies, premium repair services, and worldwide coverage. -
Personal Liability
As a high net worth individual, you may face greater risks when it comes to personal liability. Enhanced personal liability coverage is often included in these packages, offering additional protection in case of lawsuits or claims made against you. -
International Travel
Many high net worth policies extend coverage for travel abroad, protecting you against risks such as medical emergencies, lost valuables, or travel disruptions.
Why Ireland’s High Net Worth Individuals Should Consider This
Ireland’s high net worth market has grown substantially in recent years, with more individuals investing in premium properties, luxury vehicles, and art collections. Whether you live in Dublin, Cork, or along the scenic coastlines, protecting these assets is critical. High net worth insurance ensures comprehensive, tailored coverage for your lifestyle, providing peace of mind that standard policies simply cannot offer.
Why Choose Dolmen Insurance?
At Dolmen Insurance, we understand the unique challenges that high net worth individuals face when it comes to protecting their valuable assets. That’s why we’ve developed a dedicated High Net Worth Insurance team that specialises in creating tailored insurance packages designed to meet your specific needs.
What sets us apart? First, when you work with Dolmen, you’ll have your very own high net worth insurance expert—no call centres, no multiple agents. You’ll have direct access to your dedicated broker, backed by a team of insurance experts who will support you every step of the way. We offer a dedicated phone line so you can always reach us quickly and easily, ensuring a personal and seamless experience for you.
On top of that, our services don’t stop at insurance. Dolmen also has a High Net Worth Mortgage team, ready to help you find the best financial deal for your luxury properties and commercial assets. Whether you’re expanding your property portfolio or looking for optimal financing, we’ll make sure you have the expert advice you need to make informed decisions.
Choosing Dolmen means more than just getting a comprehensive insurance package; it means having a trusted partner who understands your lifestyle and is committed to protecting your future. If you’re ready to explore your options, reach out to our dedicated team today.
Contact us today to discover how we can safeguard your most valued assets with confidence and care.