Not everyone needs high net worth insurance but if you fall into the category of a person that needs, it is a very wise decision to have it. If your property or the contents of your property exceeds the limits placed by your traditional property insurer then you may be a candidate for high net worth insurance.
These policies differ from traditional property insurance policies because they are meant for people who have specific items or collections that are worth a great deal of money such as expensive coin or stamp collections, a valuable car collection or estate jewelry. In these policies the items that are covered are spelled out specifically and then the value is placed on them when the policy is written.
Because these policies are written for people with great wealth other issues may arise that make this policy necessary. You may want to include in your policy a section that can protect you against disputes with employees.
I must say to the person who is seeking high net worth property insurance that buyer beware. Many companies tend to throw in unnecessary extras such as travel insurance only to pad the premiums. You may think that they are free but individually you are paying for it.
When you have made the decision to purchase high net property insurance it is best not to be scammed by a company. It is better to interview many local agents or companies who write this type of policy. These policies are not boilerplate and it takes an experienced agent that can write a policy that can suit your needs.