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HNW clients’ second homes facing increased threat from criminal activity – Ecclesiastical

By 2023-05-22T11:35:00

Home break in theft

’Amidst the cost of living crisis, those who have more to lose are becoming a greater target for criminals,’ says art and private client business director

New research from specialist insurer Ecclesiastical has revealed that one in five crimes experienced by high net worth (HNW) clients over the last 12 months occurred at second homes or holiday homes.

The rise of inflation and cost of living has made HNW clients and their secondary residences vulnerable to criminal activity as extended periods of unoccupancy provide ample opportunities for criminals, said the insurer.

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