Why choose Howden?

The Howden Private Client team excels in meeting the insurance needs of private and high-profile individuals. We have extensive experience and understand how to provide an excellent and discreet service. Each of our clients benefit from a dedicated point of contact, who provides them with bespoke advice when it comes to insuring their properties, possessions, fine art, valuables, and cars.

Building trust and earning loyalty

We’ve been working with wealth managers for over 20 years and our fundamental aim is to ensure that your client is adequately protected and not underinsured. Having to personally cover any shortfall in a claim settlement will stretch the finances of any client and could mean that they have to cash in their share portfolio.

Our three-stage process includes the following:

Appraisal: Part of our approach is to get a detailed understanding of your client’s individual requirements. Our view is that this ideally needs to be done in person – so we’re  more than happy to visit your client’s property (without any cost or obligation to them) and carry out an assessment of their requirements. We can assist them with a contents’ inventory to ensure that they’re not underinsured, give practical advice on security improvements, and also  offer wider risk management advice.

Market review: Once we understand the requirements, we then conduct a market exercise to ensure that we recommend an insurer who strikes the right balance between comprehensive cover and competitive premium. We also look for ways to make the insurance arrangements simple – whether that be via a common renewal date, a single insurer, or a single policy that covers a client’s home, contents, cars, and additional property. This approach can result in a premium saving.

Recommendations: We then present our recommendations to your client and should they wish to proceed, assist with the cancellation of their current policies and the placement of new insurances.

Leveraging our wider network

Your client may have challenges beyond insurance, and we can introduce them to businesses who can deliver a range of other services. These include:

• Valuation companies: We have a panel of recommended valuation companies who assist our clients by not only valuing pieces now, but also providing up-to-date valuations going forward. A client of ours recently found that his Patek Phillipe watch, insured for £15,000, would cost £27,000 to replace. Increases like this aren’t unusual in today’s jewellery market, and the price of diamonds and precious metals are particularly volatile.
• Security companies and property management companies: We can facilitate this should a client want to discuss security upgrades to a property, or plan to leave a property unoccupied for a prolonged period.
• Surveyors and engineers: For any structural problem with a property, we are well-placed to recommend the best specialist for you

Please be assured that our reputation is key, and we only collaborate with companies who have similarly high standards.

Next steps

For our clients, we make purchasing insurance as simple as possible and provide ongoing support. And even if cover requirements extend beyond the UK, your client can enjoy seamless access to our international network – which is the largest independent insurance network in the world.

So why not make us the trusted insurance adviser for your private clients?

Your Howden contacts