With premium features, rare collections, and custom architecture, your high-value home needs more than standard coverage. Our High-Value Homeowners Insurance offers specialized protection designed for homes valued at $1M or more.
Why Do You Need High-Value Homeowners Insurance?
Luxury homes face unique risks that ordinary homeowners’ policies often don’t fully address. Whether your property is susceptible to natural disasters, contains valuable art, or has custom-built features that require specialized protection, a high-value homeowners insurance policy ensures that your property is covered from top to bottom. With our tailored coverage options, you can rest easy knowing that your home and its priceless contents are fully protected.
Key Coverage Features
Our high-value homeowners insurance offers comprehensive coverage for every aspect of your property:
Dwelling Coverage
Our policy covers the full cost to rebuild or repair your home, even if that cost exceeds your policy limits. Luxury homes often use specialized materials that make reconstruction more expensive, which is why we offer coverage designed to fully replace your home to its original condition. In most cases, a Cash Out option is available – this option is often used when a homeowner decides they don’t want to rebuild the property to its original condition, perhaps due to personal circumstances, a change in lifestyle, or a desire to move to a new location.
Personal Property Protection
From fine art and jewelry to custom furnishings and antiques, your belongings are often irreplaceable. With our policy, you’ll have higher coverage limits and specialized protection for valuable items that may not be covered under traditional homeowner’s insurance.
Liability Protection
Whether it’s an accident at the pool, a slip on your patio, or a guest injury inside your home, liability coverage ensures you are protected from lawsuits and legal fees, offering peace of mind should something go wrong.
Loss of Use Coverage
If your home becomes uninhabitable due to a covered event (fire, storm, etc.), we’ll cover the cost of temporary housing and other living expenses. This coverage helps ensure you’re not left out in the cold while your home is being repaired.
Earthquake Coverage
An option to add earthquake coverage to protect your home from nature’s most unpredictable events is available.
Extended Replacement Cost
Luxury homes can be expensive to rebuild, especially with the rising costs of construction materials. Our extended replacement cost coverage ensures that no matter the increase in rebuilding costs, your home will be restored to its original splendor.
Factors That Affect Your Premium
Several factors determine the cost of high-value homeowners insurance:
- Location: Homes in areas prone to natural disasters, such as hurricanes or wildfires, often have higher premiums.
- Home Size and Value: Larger homes or homes with expensive, custom features will naturally require higher coverage.
- Security Features: Homes with advanced security systems may qualify for discounts due to reduced risk.
- Claims History: If you’ve had claims in the past 7 years, this may impact your premium.
Why Choose Clyde Paul?
Here, we specialize in high-value homeowners insurance that’s tailored to the unique needs of luxury property owners. We work closely with you to ensure that your home, assets, and lifestyle are fully protected.
- Personalized Service: We take the time to understand your needs and offer coverage that fits your exact requirements.
- Expert Advice: With years of experience in insuring luxury homes, we guide you through every aspect of your policy to ensure maximum protection.
- Exclusive Benefits: Many of our policies come with added benefits, such as emergency home repairs, concierge services, and more.
Get in Touch Today
Protect your luxury home with high-value homeowners insurance that offers peace of mind. Contact us today to schedule a consultation and learn more about how our policies can safeguard your property and possessions.
