Category: High Net Worth Insurance
Preserving History – Storing Classic Cars
Preserving History: A Guide to Storing Classic Cars The classic car could be the ultimate ‘toy’ for the high net worth individual, with many beautiful cars taking pride of price in the discerning collector’s armoury, but how should these pieces of history and works of art on wheels be stored? Whether you're an avid…
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The personal motor insurance market – challenging times
The personal motor insurance market – challenging times The UK motor market has seen month-on-month premium rate increases over the last few months as Ernst and Young (EY) tell of insurers experiencing their “worst performing year in a decade in 2022”. This is due to: Rising inflation Higher wages Historical low premiums Increase in cost…
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Underinsurance risk to high net worth individuals
Underinsurance risk to HNW individuals High net worth individuals are falling prey to underinsurance in the face of rising inflation rates and the pressures of the UK’s cost of living crisis. New research from specialist insurer, Ecclesiastical, supports this, with a statement released on the 19th June 2023 revealing that of 119 brokers interviewed…
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