Excess Liability Insurance For Wealthy Families 2026

The amount of coverage depends on your net worth and risk profile. Most experts recommend at least £1 million, but higher limits may be necessary for ultra-high-net-worth individuals. Consider your assets, potential liabilities, and lifestyle when determining the appropriate level of coverage.

Excess Haftpflichtversicherung covers damages or injuries for which you are legally liable that exceed the limits of your underlying insurance policies (e.g., homeowner's, auto). It can cover legal defense costs, settlements, and judgments.

No, excess Haftpflichtversicherung is not required by law in England. However, it is highly recommended for wealthy families to protect their assets from potentially devastating lawsuits.

The cost of excess Haftpflichtversicherung varies depending on the coverage limits, your risk profile, and the insurance provider. Generally, it is a relatively affordable way to obtain significant additional protection.