Specialist High-Value & Prestige Home Insurance Through Luxsure Insurance

A luxury home requires more than standard home insurance.

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Clarke Lyons Insurance provides specialist luxury home insurance through Luxsure Insurance, our dedicated luxury home insurance division for high-value homes, prestige properties and valuable contents across Australia.

Through Luxsure, we help owners of architect-designed residences, waterfront homes, heritage properties, luxury apartments and other high-value homes arrange insurance suited to the distinctive characteristics and replacement costs of their property.

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Rather than relying on an off-the-shelf home insurance policy, our approach considers the home itself, its construction, premium finishes, contents, collections and the broader lifestyle risks that can accompany significant residential assets.

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Looking for specialist protection for a high-value home?

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Explore Luxury Home Insurance with Luxsure →

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Get a Luxury Home Insurance Quote →

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Clarke Lyons & Luxsure Insurance

A Dedicated Luxury Home Insurance Division

Luxsure Insurance is the dedicated luxury home insurance division of Clarke Lyons Insurance, created to provide a specialist focus on the insurance requirements of Australia's high-value homeowners.

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Clarke Lyons provides insurance broking expertise across a broad range of personal and commercial risks, while Luxsure focuses specifically on the luxury and prestige residential market.

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This specialist approach allows clients with significant residential assets to access insurance advice focused on the risks associated with:

• Luxury homes

• Prestige residences

• High-value properties

• Architect-designed homes

• Waterfront and coastal properties

• Heritage homes

• Luxury apartments and penthouses

• High-value home contents

• Fine art and collections

• Jewellery and watches

• Multiple residences and holiday homes

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If your property requires more than conventional home and contents insurance, Luxsure provides a dedicated pathway to specialist high-value home insurance through Clarke Lyons.

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Visit Luxsure Insurance →

What Is Luxury Home Insurance?

Luxury home insurance is specialist home and contents insurance designed for high-value properties and households whose insurance requirements may exceed the limits or structure of standard home insurance policies.

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It is also commonly described as prestige home insurance, high-value home insurance, high-net-worth home insurance or luxury property insurance.

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Luxury residences can present materially different insurance risks from standard homes.

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An architect-designed residence may contain bespoke joinery, imported stone, custom glazing, specialist lighting, premium appliances and architectural elements that can be significantly more complicated to replace following a major loss.

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A prestige homeowner may also own jewellery, watches, fine art, antiques, designer furniture, wine or other collections that require higher limits or specialist consideration.

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Luxury home insurance is designed to address these more complex risks through cover and policy structures suited to high-value homes and contents.

Why Do High-Value Homes Need Specialist Insurance?

The market value of a property and the cost of rebuilding it are not the same thing.

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For luxury properties, accurately assessing the potential reconstruction cost can be particularly important.

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Rebuilding a bespoke residence following a major insured loss may involve architects, engineers, specialist builders, imported materials, custom finishes and compliance with current building requirements.

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Luxury homes may also include features that ordinary residential properties do not, such as:

• Custom architecture

• Imported marble and natural stone

• Bespoke cabinetry and joinery

• Designer kitchens

• Custom glazing

• Home automation

• Integrated security systems

• Wine cellars

• Swimming pools and spas

• Tennis courts

• Extensive landscaping

• Guest houses

• Home cinemas

• Private gyms

• Waterfront structures

• High-value furnishings

• Fine art and collections

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A specialist luxury home insurance policy can provide a more appropriate framework for protecting properties with these characteristics.

Luxury Home Insurance vs Standard Home Insurance

Standard home insurance is designed primarily for mainstream residential risks.

For many Australian households, that may be entirely appropriate.

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However, owners of high-value or unusually constructed properties can have different requirements.

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Depending on the insurer and policy selected, specialist prestige home insurance may provide access to higher limits, broader protection for valuable possessions, specialist claims services and policy structures designed for complex residential risks.

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Potential differences can include:

Higher Building Limits

High-value residences may require substantially greater building sums insured because of their size, architecture, materials and construction complexity.

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Specialist Rebuilding Considerations

Restoring an architecturally significant or heritage property can involve specialist trades, materials and professional expertise.

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Higher-Value Contents

Designer furniture, premium appliances, jewellery, art and collections can create contents exposures considerably beyond those of a typical household.

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Worldwide Protection for Personal Possessions

Certain prestige policies can provide broader protection for eligible possessions while away from the insured residence, subject to policy terms.

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Specialist Claims Management

A significant loss at a luxury property may require specialist builders, restorers, valuers, art experts or other professionals.

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The appropriate cover ultimately depends on the property, household and policy selected.

What Can Luxury Home Insurance Cover?

The exact cover varies between insurers and policies. Depending on the policy arranged, luxury home and contents insurance may provide protection for areas including:

High-Value Buildings

Cover for the insured residence and eligible structures against insured events, with sums insured appropriate to the home's reconstruction requirements.

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Luxury Contents

Protection for premium furniture, furnishings, appliances, electronics and other eligible household contents.

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Fine Art & Collections

Specialist protection may be available for paintings, sculptures, antiques and other valuable collections.

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Jewellery & Watches

Eligible jewellery, watches and other valuable personal possessions can potentially be incorporated into a specialist home insurance program.

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Accidental Damage

Certain prestige policies may provide accidental damage protection, subject to their terms, limits and exclusions.

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Worldwide Personal Possessions

Some policies can extend eligible cover beyond the home for certain personal belongings taken elsewhere in Australia or overseas.

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Alternative Accommodation

Where an insured event makes a residence uninhabitable, eligible alternative accommodation expenses may be covered according to the policy.

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Landscaping & External Features

Depending on the insurer and wording, certain landscaping, pools, external structures and other property features may be eligible for cover.

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Personal Liability

Luxury home policies may also include personal liability protection, subject to the policy wording.

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Every policy differs. Cover should be assessed against the specific characteristics and risks of the property rather than assumed from a general description.

High-Value Home Insurance Australia

Clarke Lyons, through Luxsure Insurance, assists eligible owners of high-value homes across Australia.

A high-value property does not necessarily need to resemble a traditional mansion.

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Properties that may require specialist consideration include contemporary architectural homes, substantial family residences, waterfront properties, heritage houses, luxury apartments, penthouses and properties incorporating expensive renovations or bespoke finishes.

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If replacing the building, contents and specialist features following a significant insured event would exceed the practical limits of conventional home insurance, specialist high-value home insurance may be worth considering.

Prestige Home Insurance for Architect-Designed Homes

Architect-designed homes can present particularly complex insurance considerations.

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Bespoke construction means that replacing damaged elements may not be as simple as purchasing standard materials or engaging a conventional residential builder.

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A property may incorporate:

• Custom-designed structural elements

• Bespoke cabinetry

• Imported fixtures

• Unique windows and glazing

• Natural stone

• Designer lighting

• Custom metalwork

• Integrated technology

• Specialist landscaping

• One-off architectural features

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When assessing insurance for an architect-designed home, consideration should therefore be given to the potential cost of reinstating the property to an appropriate standard following a major insured loss.

Luxury Waterfront Home Insurance

Australia has some of the world's most desirable waterfront residential markets.

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Waterfront, harbourfront, beachfront and coastal homes can also present distinctive insurance considerations because of their location, construction and external property features.

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Clarke Lyons and Luxsure can assist eligible owners seeking luxury waterfront home insurance for high-value properties.

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Depending on the individual property, consideration may need to be given to structures and features such as pools, retaining structures, extensive landscaping and other improvements in addition to the main residence.

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The availability and scope of insurance for particular exposures will depend on the property, insurer and policy.

Heritage & Prestige Property Insurance

Heritage and period homes can require specialist attention because reinstatement following damage may involve materials, craftsmanship and construction methods that differ substantially from modern residential building.

Planning or heritage requirements may also affect reconstruction.

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For an eligible high-value heritage residence, specialist home insurance can help ensure these characteristics are properly considered when determining the appropriate insurance solution.

Luxury Apartment & Penthouse Insurance

Owners of luxury apartments and penthouses can also have significant insurance requirements even where the building itself is insured through a strata arrangement.

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A high-end apartment may contain substantial owner-funded improvements, custom joinery, premium flooring, imported stone, designer kitchens, artwork, jewellery and valuable furnishings.

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Understanding what is insured by the strata policy and what remains the responsibility of the individual owner is an important part of assessing appropriate cover.

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Luxsure can assist eligible owners seeking insurance for luxury apartments, prestige apartments and penthouses.

Insurance for Fine Art, Jewellery & Valuable Collections

For many high-net-worth households, the contents inside the residence can be as important to insure correctly as the building.

Collections may include:

• Fine art

• Jewellery

• Luxury watches

• Antiques

• Sculptures

• Designer furniture

• Collectibles

• Wine

• Memorabilia

• Other valuable personal possessions

Specialist policies can offer different approaches to insuring valuable possessions, including specified items and broader categories of contents.

Valuations, limits, geographic cover and policy conditions should be considered carefully when arranging protection for significant collections.

Luxury Home Insurance in Sydney

Clarke Lyons Insurance is based in Bondi Junction, Sydney, and through Luxsure has specialist experience with luxury residential insurance.

Sydney contains some of Australia's most valuable and architecturally complex residential properties, particularly throughout the Eastern Suburbs, Lower North Shore, Northern Beaches and other harbour and coastal locations.

We can assist eligible homeowners seeking luxury and prestige home insurance in areas including:

Vaucluse, Point Piper, Bellevue Hill, Double Bay, Rose Bay, Dover Heights, Woollahra, Paddington, Centennial Park, Mosman and other high-value Sydney suburbs.

These markets can include waterfront estates, heritage residences, contemporary architectural properties, substantial family homes, luxury apartments and high-value renovations.

Luxury Home Insurance in Melbourne

Luxsure can assist eligible owners seeking luxury home insurance in Melbourne and throughout Victoria.

Prestige residential markets including Toorak, Brighton, South Yarra and surrounding high-value areas contain architect-designed homes, period residences and substantial properties that may require specialist insurance consideration.

Luxury Home Insurance in Brisbane & Queensland

We can assist eligible homeowners seeking luxury and high-value home insurance in Brisbane, the Gold Coast, Sunshine Coast, Noosa and other Queensland locations.

Properties can range from prestige inner-city residences to waterfront and coastal homes, each presenting different insurance considerations.

Luxury Home Insurance in Perth

Luxsure can also assist eligible homeowners seeking prestige home insurance in Perth and Western Australia, including high-value residential markets such as Peppermint Grove, Dalkeith and Cottesloe.

Luxury Home Insurance in Adelaide & Across Australia

Our service is not limited to Australia's largest luxury property markets.

Eligible homeowners can seek assistance with luxury property insurance in Adelaide, Canberra, Hobart and other Australian locations, subject to insurer appetite and the individual risk.

Who Should Consider Luxury Home Insurance?

Specialist high-value home insurance may be appropriate if you:

• Own a luxury or prestige residence

• Own an architect-designed home

• Own a high-value waterfront property

• Live in a heritage or architecturally significant residence

• Own a luxury apartment or penthouse

• Have undertaken substantial premium renovations

• Have significant jewellery, art, watches or collections

• Own expensive designer furnishings

• Have multiple residences

• Require insurance beyond the practical limits of mainstream home insurance

• Want specialist advice regarding the insurance of a complex residential asset

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There is no single property value at which every homeowner automatically requires prestige insurance.

The more useful question is whether the property's rebuild characteristics, contents and risk profile require specialist cover beyond a conventional home policy.

How Much Does Luxury Home Insurance Cost in Australia?

There is no standard premium for luxury home insurance.

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Insurers assess each property according to its individual characteristics.

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Factors influencing the cost of high-value home insurance can include:

• Building sum insured

• Location

• Construction

• Age of the property

• Architectural complexity

• Heritage considerations

• Waterfront or coastal exposure

• Security systems

• Claims history

• Contents value

• Jewellery, art and collections

• Required policy limits

• Selected excess

• Additional residences

• Individual underwriting considerations

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For this reason, the most useful way to understand the potential cost is to obtain a luxury home insurance quote based on your actual property and requirements.

Why Use a Specialist Luxury Home Insurance Broker?

High-value residential insurance can involve significantly more than comparing premiums.

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A specialist broker can help assess the property and household, identify relevant insurance requirements, approach appropriate insurance markets and explain material differences between available options.

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This is particularly important where a property has an unusual design, substantial rebuild exposure or significant valuable contents.

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Clarke Lyons and Luxsure focus on helping clients understand what they are insuring and whether the proposed policy appropriately reflects their circumstances.

Why Choose Luxsure Insurance by Clarke Lyons?

Dedicated Luxury Insurance Expertise

Luxsure is Clarke Lyons Insurance's dedicated luxury home insurance division, providing a specialist service for high-value residential risks.

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Tailored Insurance Solutions

Luxury properties differ substantially. Insurance should reflect the individual property rather than relying solely on a standardised approach.

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Specialist Insurance Market Access

We can approach appropriate insurers and underwriting markets according to the characteristics of the individual risk.

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High-Value Contents Expertise

We understand that a luxury household's insurance requirements can extend beyond the building to art, jewellery, watches, furnishings and collections.

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Claims Assistance

Our role as your insurance broker continues when a claim occurs. We can assist clients throughout the claims process and communicate with insurers on their behalf.

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Australia-Wide Service

We assist eligible luxury homeowners across Sydney, Melbourne, Brisbane, Perth, Adelaide and throughout Australia.

Get a Luxury Home Insurance Quote

Your home may be one of your most significant assets. Its insurance should reflect what makes the property distinctive.

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Clarke Lyons Insurance provides specialist luxury home insurance through Luxsure Insurance, our dedicated division for prestige homes, high-value properties and valuable contents.

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Whether you own an architect-designed residence, waterfront estate, heritage home, luxury apartment or substantial high-value family home, Luxsure can help assess your requirements and explore appropriate insurance solutions.

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Ready to insure your luxury home?

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Get a Luxury Home Insurance Quote →

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Visit Luxsure Insurance →

Frequently Asked Questions About Luxury Home Insurance

What is luxury home insurance?

Luxury home insurance is specialist home and contents insurance designed for high-value residences and households whose property, contents or risk profile may exceed the scope of conventional home insurance. It is also commonly called prestige home insurance or high-value home insurance.

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What is the difference between luxury home insurance and standard home insurance?

Luxury home insurance is designed for properties with higher rebuilding costs, bespoke construction, premium finishes and significant contents. Depending on the policy, it may provide higher limits and specialist protection for valuable possessions and complex residential risks.

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What qualifies as a high-value home for insurance?

There is no single definition applying to every insurer. Factors can include rebuild value, architectural design, construction complexity, premium finishes, location, heritage characteristics and the value of contents and collections.

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Is luxury home insurance the same as prestige home insurance?

The terms are commonly used to describe the same broad category of specialist insurance for high-value residential properties. Other terms include high-value home insurance, high-net-worth home insurance and prestige property insurance.

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Does luxury home insurance cover jewellery and watches?

Depending on the policy, jewellery, watches and other valuable possessions may be covered. Limits, item specification requirements, valuations and geographic coverage differ between policies.

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Can luxury home insurance cover fine art?

Specialist home insurance can provide protection for eligible fine art and collections, subject to the policy terms. Significant collections may require valuations or specific insurance arrangements.

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Can I insure an architect-designed home?

Yes. Specialist luxury home insurance can be particularly relevant to architect-designed properties because bespoke construction, custom materials and specialist finishes can increase reconstruction complexity and cost.

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Can luxury home insurance cover a waterfront property?

Potentially. Cover depends on the individual property's location, construction, exposures and insurer appetite. Waterfront properties should be individually assessed because their risk characteristics can differ considerably.

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Can I insure a luxury apartment or penthouse?

Yes. Luxury apartment and penthouse owners may require specialist contents and property insurance in addition to insurance held by the strata scheme. It is important to establish which elements are covered by each policy.

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Does luxury home insurance provide worldwide cover?

Certain prestige home policies can provide worldwide cover for eligible personal possessions. The scope, limits and exclusions depend on the individual policy.

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How much does luxury home insurance cost?

Luxury home insurance premiums depend on factors including property location, building value, construction, claims history, contents, valuable collections, security and the level of cover required. A tailored quote is required to establish the premium for an individual property.

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Who is Luxsure Insurance?

Luxsure Insurance is the dedicated luxury home insurance division of Clarke Lyons Insurance, specialising in insurance solutions for high-value homes, prestige properties and valuable contents across Australia.

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Where can I get a luxury home insurance quote in Australia?

Clarke Lyons Insurance provides specialist luxury home insurance through Luxsure Insurance. Eligible homeowners throughout Australia can request a tailored quote based on their property, contents and individual insurance requirements.