High Value Home Insurance

Your home represents a significant financial investment and must be adequately protected. This is especially true for particularly valuable homes. Unfortunately, your high-value home may also be vulnerable to many risks and perils, regardless of how diligent or responsible you are in protecting and maintaining it. Given the potentially devastating financial ramifications of even a single incident, you should take time to understand, acquire and maintain adequate high-value home insurance. 

What Is High-Value Home Insurance? 
High-value home insurance is a specialized form of coverage designed to protect homeowners of properties of exceptional value. Traditional standard homeowners insurance policies may not adequately cover the unique risks associated with high-value homes. These exclusive policies typically provide broader coverage and higher limits to safeguard homeowners’ substantial investments. High-value home insurance is tailored to cater to the specific needs and demands of valuable homes, ensuring they are financially protected against many common perils. 

What Does High-Value Home Insurance Cover? 
Like standard homeowners insurance, high-value policies may extend coverage across many parts of your home and property. While your policy’s capabilities and limitations may vary, your insurance may often provide financial assistance for losses involving the following: 

• Dwelling—High-value home insurance offers coverage for the structure of your primary residence, protecting against damage caused by perils such as fire, hail, lightning, theft and vandalism. The policy may include additional features for high-end architectural elements and unique building materials.
• Other structures—Many high-value homes include multiple structures on the premises. Fortunately, most high-value home insurance policies include coverage for these additional buildings, such as detached garages, gazebos and guest houses.
• Personal belongings—High-value policies often include generous coverage for personal belongings, encompassing high-priced jewelry, fine art, antiques, collectibles and other valuable possessions. Unlike standard policies, these coverage limits are typically better suited to cover particularly valuable items, ensuring you can replace them without financial strain.
• Liability protection—Liability protection may offer comprehensive financial assistance if you are at fault for another party’s losses. This component of your policy may be instrumental in safeguarding against legal expenses and medical costs, such as if a guest is injured at your home or if you or another insured damage a neighbor’s property.
• Additional living expenses—Should your home become uninhabitable due to a covered loss, high-value home insurance can help cover additional living expenses. This coverage may help you and your family maintain your accustomed lifestyle while your home is being repaired or rebuilt.