The Benefits of High Value Homeowners Insurance

Similar to comprehensive auto insurance, high value house insurance offers more coverage for the homeowner than standard insurance. High value insurance is an exclusive insurance coverage for homes that were recently built and their values are typically over one million dollars. This insurance offers coverage to protect items like collectables, jewelry, furs and antiques. The claims filed would reimburse for the full value of the insured items. The claims have no limit amounts, building loss replacement, sometimes with a cash settlement and other types of coverage those standard policies cannot provide.

Customers have the comfort of knowing when purchasing high value insurance coverage; they receive many peaks not available for standard policy holders. Deductibles are often waived, cash for certain loss circumstances when the amount needed exceeds the amount of the policy and flood coverage that is sometimes not included in these types of policies. Many policies cover personal liability claims such as: coverage for employees at the residence, home based businesses, golf carts, service on association boards and identity theft coverage.

High value insurance applicants must meet certain application criteria; the owner must live at the residence, they must have above average credit with no prior bankruptcies or tax/credit liens and a home age restriction of less than 20 years old.