Ecclesiastical flags second home crimes hitting HNW sector
One in five (22%) crimes experienced by high-net-worth clients happened at their second home or holiday home during the past 12 months, according to research by Ecclesiastical as it released new guidance to help brokers speak to clients about how to best protect themselves and their households.
The insurer noted that with rising inflation and the cost of living crisis, wealthy individuals and their second homes are a prime target for criminals, with many unoccupied for many months of the year.
The survey of HNW individuals in the UK discovered nearly a quarter, 23%, have increased occupancy or visits to their second homes in response to experiencing crime during the past 12 months.
UnderstandSarah Willoughby, art and private client business director at Ecclesiastical, said: “Our
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