Magical insurance for wealthy young celebs

As Harry Potter star Daniel Radcliffe looks forward to gaining access to his £23m fortune on his 18th birthday, young celebrities are being reminded of the need for specialist insurance to protect their prized possessions.

For most young stars living a whirlwind lifestyle of film premieres and parties, insurance is the last thing on their mind. But whether it’s a multi-million pound mansion, the latest sports car or even a luxurious yacht, high net worth (HNW) insurance provides the necessary cover for when things go wrong.

Home and Legacy is a specialist in HNW insurance, offering the very wealthy comprehensive cover and a high quality service. The broker handles risks up to £50m at any one location, covering buildings, contents, fine art, antiques and personal possessions.

Over 80 per cent of high net worth insurance is placed via brokers, mirroring the dominant position that the broker channel has in commercial insurance.

Home and Legacy can also offer specialist services such as cover for holiday homes, depreciation of art following damage and an advice service to help clients on effective security systems.

John Lawton, director of Home and Legacy, said: ‘The UK has among the biggest concentration of high net worth households in the world, and the number is set to increase over the next ten years.

‘Young celebrities often have the money that enables them to splash out on luxurious gifts, and insuring those items might not be a priority.

‘The advantage of high net worth insurance is that it provides a level of cover above and beyond basic policies. This includes situations that are normally charged as extras on basic policies.’

Home and Legacy cover also provides:

Accidental Damage automatically provided

Personal Possessions covered on a physical loss or damage basis whilst anywhere in the world

Guest effects covered up to £2,500.