High-value home insurance offers more extensive coverage terms than a standard home insurance policy. Discover how high-value home insurance can protect your most significant investment from weather-related damage, theft, and other risks.
Understanding High-Value Homes
Luxury, historical, and other expensive residences may qualify for high-value home insurance. Typically, the home’s rebuilding cost is a key factor in determining if a residence qualifies for high-value coverage.
This type of coverage is less restrictive than a standard policy. It covers new building materials, furnishings, and personal possessions.
High-Value Insurance Coverage
A standard home insurance policy has a cap amount, which specifies the maximum coverage it provides. A high-value policy offers additional coverage not included in a typical policy.
A high-value policy may also cover some situations that a standard home insurance policy does not. For instance, it may offer protection against damage caused by water backup.
A standard policy may not include this type of coverage, requiring the homeowner to purchase specific add-on coverage. High-value insurance is a comprehensive insurance product that offers more flexibility than a standard home insurance policy.
Insurance Perks
A high-value home insurance policy may offer perks not included in a standard policy. These perks may consist of free consultations to help protect a high-value home and other benefits that policy owners can take advantage of.
Contact an Agent in Tennessee
If you believe your home qualifies for high-value home insurance, contact one of our agents at Riskbusters Insurance. An agent will determine your eligibility based on the current value of your home.
