Is your home worth more than $1 million? Insurers view high value homes differently from more modestly priced homes, and offer high value home insurance policies with a variety of benefits and privileges designed for affluent homeowners.
High value home insurance policies recognize the needs of affluent people. It is worth arranging for an agent to shop around to find the most cost effective high value home insurance product for your needs. Here are some important features to look for:
- The policy should offer higher coverage limits for personal possessions.
- The policy should offer higher coverage for liability.
- The policy should offer more generous alternative living expenses.
- The policy should provide higher coverage for fraud, data loss and identity theft.
Affluent owners of high value homes frequently have complex needs such as multiple properties, high value personal possessions, antique furniture, art works and other valuable collections. Owning more than one home means that properties are often unoccupied for extended periods, and it’s essential that insurance cover is continuous whether or not a home is occupied.
Some insurance agencies specialize in insurance for high net worth individuals. Would you like help in selecting the right high value home insurance policy for your needs? Consider engaging our agency to assist. Our experienced staff can provide a professional, fully personalized service.