Prestige Underwriting expands HNW offering with new Contents & Collections Product

Prestige Underwriting has expanded its Non-Standard Home product portfolio with the launch of a new High Net Worth (HNW) Contents and Collections insurance solution, underwritten by a specialist Lloyd’s insurer. The product responds directly to broker feedback highlighting a gap in the HNW insurance market for flexible, high-limit cover for valuable collections and possessions.

It offers affluent clients comprehensive protection for their valuable possessions with a focus on extensive cover limits, a flexible underwriting approach, and competitive pricing. The HNW Contents & Collections product provides ‘All Risks’ cover for an array of high-value personal assets - from general contents and fine art to jewellery, watches, musical instruments, wine collections, and other collectibles.

This means clients are protected against physical loss or damage to these items, anywhere in the world, subject to policy terms. Key coverage features include robust limits and terms designed to meet the needs of collectors and enthusiasts.

Competitive pricing has also been a priority. Despite the breadth of cover, rates are designed to be attractive in the market, ensuring brokers can offer value as well as quality protection to affluent clientele.

Chris Duck, Head of Home Underwriting at Prestige Underwriting, said:

“Brokers told us there was a clear gap in the market for a truly flexible high net worth contents policy. We listened and the result is an all-encompassing Contents and Collections offering, that provides the extensive cover and high limits clients need, with the agility and pricing competitiveness brokers want. We’re excited to bring this solution to market.”