A luxury home is far more than bricks and mortar - it is a reflection of your achievements, passions, and lifestyle. From bespoke interiors to priceless collections, every detail tells your story. Protecting it requires precision, foresight, and an insurance partner who understands the unique needs of high-value property.

A Shifting Landscape

In recent years, premiums for luxury home insurance have risen sharply. Policies that once cost around $30,000 annually are now increasing by $4,000–$8,000. For homeowners who have remained with the same insurer for a decade, these jumps can feel sudden and unwelcome.

These changes, however, are grounded in real market forces. The luxury property and insurance landscapes have evolved due to a combination of global pressures and local market dynamics.

Why Costs Are Rising

Rebuilding Costs: Luxury properties are costly to reconstruct. Custom finishes, high-end materials, and intricate architectural features drive reinstatement values higher. Skilled labour shortages and ongoing supply chain pressures have pushed construction costs to record levels.

Property Values: Prime homes in sought-after urban and coastal locations continue to appreciate. Higher property values increase both insured sums and potential claims costs.

Environmental Factors: More frequent and severe weather events - storms, floods, and wildfires - have increased claims globally. Claims frequency and severity are impacting insurers’ profit margins. This isn’t limited to large-scale disasters; the real impact often comes from storm damage and internal water damage caused by burst pipes, with thousands paid out to replace expensive carpets and bespoke cabinetry. Insurers, facing elevated reinsurance costs and complex risk exposures, are recalibrating premiums accordingly.

Beyond Locks and Alarms

While external factors influence premiums, homeowners can actively manage risk. Modern security goes far beyond traditional locks. Integrated monitoring systems, biometric access, and discreet surveillance are now standard in sophisticated homes, protecting your property without compromising design or lifestyle.

Yet even the most advanced security systems cannot eliminate risk entirely. The most effective protection combines physical security, digital safeguards, and bespoke insurance coverage, ensuring every aspect of your home and lifestyle is safeguarded.

Managing Rising Premiums

For high-net-worth homeowners, the pressing question is no longer why premiums are rising - but what you can do about it.

The first step is to review, not simply renew. Policies left unchecked year after year may no longer align with the true rebuild cost, current property value, or evolving risk profile. A specialist broker can assess:

Whether your policy limits remain appropriate
Whether your insurer provides the best fit for your unique risk
Opportunities for optimisation or alternative coverage

At Domus Private Clients, we guide homeowners through these decisions with confidence. By working closely with insurers and security specialists, we ensure your property is presented in its best light, highlighting risk mitigation measures that can positively influence premiums.

Tailored Peace of Mind

Ultimately, home security and insurance are two sides of the same coin. As the market evolves, so too must the approach to protecting your assets.

At Domus Private Clients, we provide more than coverage, we provide confidence. Through expert advice, discretion, and a deep understanding of high-value properties, we help clients safeguard not only their homes, but their peace of mind. Every bespoke property deserves a bespoke protection plan.

Contact Us

Please contact us for a quotation or for further details.

We will be delighted to assist.

Home Security: Protecting What Matters Most