What is Mid Net Worth & High Net Worth Insurance?

There is often confusion between what constitutes High Net Worth and what is Mid Net Worth. Different insurers define the two differently so it can be unclear which type of insurance you should be looking for.

Mid Net Worth

As a general rule someone suited to Mid Net Worth Insurance would either be someone paying around £1,500 for their household insurance or they will be someone of emerging wealth aged between 25 and 40.

Someone who is Mid Net Worth today may well become High Net Worth in years to come.

High Net Worth

High Net Worth Insurance is suited to someone who is paying more than £1,500 per month and may be of any age.

A High Net Worth individual will often have a large house and expensive cars. They may also have holiday homes or property abroad but that is not always the case.

If you are unsure about if you require Mid or High Net Worth then speak to Richard McLeod (Private Clients Manager)