Menu
Bisbee Media
  • Motor home Insurance
  • Motorcycle Insurance
  • Blog
  • Contact
Bisbee Media
Home Coverage

What Is High Value Home Coverage and Who Should Have It?

Posted on November 23, 2020November 23, 2020 by bisbeemedia

An alarming number of homeowners are potentially underinsured. In some cases, if their home was destroyed, the cost to rebuild it may not be covered by insurance. In others, they could be risking personal assets to theft, vandalism or even litigation. High value home coverage is a possible solution.

What Are the Benefits of High-Value Home Insurance?

Luxury homes with custom features are difficult to value. As a result, they are often underinsured. A high-value home policy ensures repairs are covered, even if their costs exceed policy limits. They also offer higher than average liability limits to protect against claims if someone gets injured on your property. A few other features they provide include coverage for expensive jewelry or art collections, temporary housing or cash settlements in the event you decide against rebuilding.

Who Should Carry a High-Value Policy?

If you have a home with unusual and high-end features or one with an estimated replacement value over $1million, then you will want to have appropriate coverage. It is also a good idea for individuals who have extensive art or jewelry collections. Individuals with a high net worth who want to protect their assets from legal action may also find it worthwhile.

The right homeowner’s policy will ultimately protect your assets while also ensuring you are able to rebuild if your home is destroyed.

Tweet
Share
Pin
Share
0 Shares

Categories

  • Assisted Living Facilities
  • Attorney's Insurance
  • Blu Emu Oil
  • Boat Rental Businesses
  • Builder's Risk Insurance
  • Business Insurance
  • cannabis
  • Cemetery Insurance
  • COFR Insurance
  • Construction Insurance
  • Cyber Attacks
  • Distributors Insurance
  • Educational Malpractice
  • Employee Benefits
  • Employment-Practices Liability
  • Errors and Omissions Insurance
  • Fidelity Bonds
  • Fraud on Financial Statements
  • Google Reviews and SEO
  • Health Insurance
  • Home Coverage
  • Home Health Agency
  • Home Healthcare Industry
  • Homeowners Protection
  • Insurance Advertising
  • Insure Special Events
  • Intermediate Care
  • Laundry Service
  • Liability Insurance Brokers
  • Lockdown Procedures
  • Malpractice Insurance
  • Marine Repair Insurance
  • Medical Staffing Insurance
  • Niche Coverage
  • Operator truck drivers
  • Professional Liability Insurance
  • Purchasing Insurance
  • Residential Options
  • Risk Insurance
  • Scaffolding Safety Tips
  • SEO Marketing
  • Telecommunication Insurance
  • Truck Insurance
  • Trucking Companies
  • Umbrella Insurance
  • Uncategorized
  • Warehouse Legal Liability Insurance
  • Winter Safety
  • Worker's Compensation Insurance
  • Workers’ Compensation Insurance

Tag

3 Industries Assisted living baby boomer generation benefits Blue Ridge Mountains Business Business Insurance Caitlin Morgan comprehensive coverage construction Coverage employees Errors and Omissions fiberglass repair financial advisors Helps Your Recovering Employees home healthcare industry Improve Company Morale Independent Living insurance insurance for home healthcare insurance in Albuquerque insurance in Martinsville King Harvest Wellness lawyer malpractice insurance Liability liability coverage Long-Term Health Effects Malpractice Insurance many liabilities marine crafts marine repair insurance program Need Special Insurance Oil and Gas personal liability insurance professional liability insurance professional work Property Return to Work Risk Management typical liabilities umbrella insurance Worker worker's compensation insurance workers’ compensation

Our Friends

Sba Surety Bonds Maryland

Insurance Orange County

Dog Bite Insurance

©2021 Bisbee Media | Powered by WordPress & Superb Themes