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30/05/2006

Britain’s wealthiest homeowners are spending up to £5bn on security measures to protect themselves, their families and their properties, according to Zurich Private Clients, which has produced a report on millionaires’ perceptions.

The research reveals that over 90% of millionaires have invested up to £30,000 on security, with a fifth (21%) concerned that they are being specifically targeted by criminals because of their wealth.

More than a third (38%) of affluent addresses have suffered burglaries, and nearly a fifth (19%) have suffered at the hands of car thieves.

Over half of the nation’s wealthy (58%) say they are fearful of becoming a victim of muggers, 54% are concerned that their identity may be stolen and just under half (40%) were anxious about being car-jacked.

Hamish Brown MBE, ex-head of stalking, Metropolitan Police, said: “It’s the fear of crime that’s actually impacting upon people’s anxieties. Whilst this fear is unlikely to go away, there are steps that the wealthy can take to provide peace of mind, and this includes seeking advice from security and insurance experts.”

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