The rich now insure the trees in their gardens

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R50 000 insurance for an exceptional tree that is the focal point in a mansion’s expansive garden. Photo: Supplied
R50 000 insurance for an exceptional tree that is the focal point in a mansion’s expansive garden. Photo: Supplied

NEWS

Insurance worth R1.5 million for a sculpture in a private garden? Or R50 000 insurance for an exceptional tree that is the focal point in a mansion’s expansive garden? These are some of the luxury assets ultrarich South Africans are taking out insurance for.

Christelle Colman, managing director of Elite Risk Acceptances, a specialist underwriter for wealthy clients’ unique assets, says there has been a growing trend in South Africa over the past 10 years of rich people spending more on landscape architecture, small vineyards, outdoor statues and expensive plants.

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