If you are currently looking to renew your country estate insurance and searching around for the best offers on the market, have you considered taking out a high net worth policy rather than the traditional country estate insurance cover?
Owning a small country estate can be challenging at the best of times but in the current economic climate it is particularly challenging. Income streams need to be diversified and budget savings made in order to maintain a level of income.
One major cost is your estate insurance, however the Farming and country estate insurance market has widened in the last few years with high net worth insurers offering cover for farming and land owning activities. This now offers a viable alternative to the traditional Farm Estate Insurance policy.
What does a High Net Worth home policy include?
This provides cover for your buildings and contents of the estate and also caters for your particular trading activities.
For example, if you derive income from your estate via rental of land for farming / renewable energy or holiday cottage rental income, then a High net worth home policy will provide more than adequate cover, generally at a more competitive cost than a traditional farm estate insurance policy.
A High Net Worth Policy can provide Buildings cover, outbuildings and cottages, art, antiques, jewellery and watches along with your contents.
In addition cover can be extended to include Employers Liability cover for groundsman / estate workers and Public Liability cover in respect of rental income and minor farming activities.
A High Net Worth Home policy will meet your needs in terms of trading activity but comes potentially at a fraction of the cost of a full country estate insurance policy.
Should I stick with a Country Estate Insurance Policy?
If your activities fall outside of the scope of a high net worth home policy, then a Farm or Country Estate Insurance policy can provide cover for Livestock and disease, business interruption, sporting activities, trustees indemnity, engineering insurance and events insurance.
So which is the best cover for you?
At Greenfield Insurance Services we review your trading activities along with your insurance requirements and hand pick a suitable package either on a Farm Estate Insurance policy or High Net Worth Home basis.
Additional Motor Fleet or Family Fleet Cover
We also offer a motor fleet and family fleet insurance package which can include all vehicle types including family vehicles, agricultural vehicles and commercial vehicles.
Through the life of your policy we provide a dedicated account manager and we are happy to arrange a site visit in order to help you assess the correct level of cover you require.
We offer a full claims handling service and maintain the hands on approach which ensures a speedy and hassle free claims process.
Give us a call now or contact us via our webform to talk through your country estate insurance requirements – we can help you make the right decision and save the pennies.
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