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Entries close 31 March 2021.
Your home is probably your biggest investment – and most valuable asset. So, you want to be sure that your home insurance protects what matters most.
FOCUS are expert home insurance brokers with a team of specialists that can provide tailor-made home buildings and contents insurance. Based in Oxford, FOCUS specialise in high-value home insurance and the additional concerns and risks that can arise.
We understand that every home is different and every person’s possessions are unique. Therefore, we don’t expect you to have an off-the-shelf home insurance package. We take the time to evaluate individual circumstances and provide bespoke home insurance solutions.
Research consistently shows that millions of homes in the UK are underinsured.
As our personal wealth increases, we tend to own larger houses and acquire possessions with higher values that don’t fall within the limits of standard home insurance policies. Buying an “off the shelf” policy online is unlikely to provide the cover you need.
Quite often garages, attics, and outhouses are full of large, high-value objects that get missed when assessing your contents, such as bikes and tools, and skiing, camping, sporting and gym equipment. Boundary walls, gates, fences, outbuildings, garden ornaments, swimming pools, tennis courts or car parking are often forgotten when considering what’s needed to reinstate a property to its original state.
Many people have little understanding of how valuable their general household contents are – let alone expensive items of jewellery, watches, antiques or pieces of art that have been acquired over the years. Take into consideration the changes in valuation and it becomes very easy to be under-insured.
In the modern world in which we now live, with connected homes and the internet of things, the risk of being hacked is ever more challenging- and has the potential of causing serious damage – not just to your finances, but also to your public reputation.
Cyber risk management and insurance solutions go hand in hand to keep your lifestyle, family, and reputation safe. All too often the headlines are highlighting the unfortunate stories of those whose lives have been invaded by hackers, often with considerable financial losses involved.
Cyber insurance can now form part of your home insurance plan and provide peace of mind.
High Value – or High Net Worth Home Insurance as it’s sometimes referred to, is not just for the super rich living in stately homes. High value home insurance is designed for homes with a rebuild cost typically in excess of £500,000 and contents in the region of £100,000. FOCUS is the high net worth home insurance broker in Oxford and the surrounding area with nearly 30 years experience in this sector.
We would recommend that, depending on fluctuations in the gold and precious stones markets, you look to have your jewellery valued every 3 to 5 years and have settings and clasps checked. Don’t forget to have any antiques or paintings valued regularly too.
The simple answer is yes. If you undertake home improvements – whether it be a small extension or a complete renovation – it is likely that the rebuild costs will need to be reviewed.You may not think to tell your insurance provider about your new kitchen or extension – but unless you do so, it is very easy to find yourself underinsured. Failure to inform your insurer of any works you are undertaking may also invalidate your cover.
If you choose to buy your insurance directly from a website – you’re basically buying without advice. The difference in the small print of your chosen policy could mean you have lower limits or exclusions and ultimately mean that, in the event of a claim, you are not put back to the position you’d expected to be in. FOCUS develop long term relationships with our clients and take the time to fully understand your needs so that we can provide you with the right insurance solutions.
Once we understand your requirements, we will make our recommendations and offer advice to ensure you have the cover you need and deserve.