Wednesday, 23 October 2019
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Your Ultimate Guide to the High-value Home Insurance

Written by Posted On Wednesday, 12 June 2019 04:17

Shopping for insurance is not that easy how it looks. In fact, it can turn out to be one of the most challenging jobs for homeowners, especially the ones who own a heritage home or a high-value property. Of course, the goal of the homeowners is to protect their property from unpredictable burglary and accidents. But the question is “which insurance policy can provide the coverage for your high-value property”? Well, no need to worry now. You don’t have to compromise the safety of your home as long as you are planning to purchase high-value home insurance. Yes, you read it right! It is the high-value Home Insurance that offers comprehensive coverage for the entire structure of your building as well as your private property, antique items, and unique design elements that are too expensive to be lost or broken down in an accident.

The home insurance policy mainly depends on the assets in your home and the value of your property. For instance, a property worth $3 million calls for high-value home insurance as it may have higher risks of damages involved. Are you looking for a high-value home insurance guide? Well, you have come to the right place! Here we are presenting a brief guide on the high-value home insurance policy. Read on:

What Exactly is the High-value Home Insurance Coverage?

In order to be eligible to apply for high-value home insurance, the value of your property must be somewhere between $300,000 and $750,000. The insurance providers usually offer this insurance product to the homeowners owning a property worth equal to or more than $750,000. However, you can also buy this insurance if your building is worth $300,000 but your assets are of high value. High-value home insurance is a long-term investment decision. Hence, it is advisable to shop around and compare the insurance companies before finalizing the deal.

Coming to the other factors (that make the purchase of high-value home insurance mandatory for the homeowners), it involves the unique design elements that have a value higher than the value of the typical assets for an average homeowner. Basically, this insurance is advised to the individuals who have their home built by some famous architect and interior designer. What else? Do you have a heritage home whose value in the current era is so high? Well, if your home is equipped with designs or articles that are ancient then you should definitely consider buying high-value home insurance coverage. Besides, there are other home features that are exclusive and require high-value insurance coverage but it completely depends on the homeowner's preference. If you want to protect your place from unpredictable accidents, buy this insurance product right away.


Why Invest in High-value Home Insurance?

No doubt, the typical home insurance policy will cover the structure of your premises in the event of any loss or damage. However, high-value home insurance is always a reliable option as it provides coverage for all your assets, private property, and etc. As discussed above, in order to buy this insurance policy, your home must have assets that have the value much more than the average homeowner’s property. In fact, it involves all those expensive and precious articles that you can’t even imagine losing.

Investment in a high-value home insurance product by is highly recommended to the homeowners who have valuable or antique articles in their home. Whether it is furniture and fixture or the fine art, there can't be a better product than high-value home insurance to protect your assets.

How to Assess the Value of Your property for High-value Home Insurance?

The best part about high-value home insurance coverage is the service provider you choose will send a home inspector to your place to find the value of your premises. The inspector determines the worth of your place and documents all the contents of your property. These contents may include custom materials, antique items, fine arts, wine collection, precious jewelry, furniture and fixture, green and elaborated roof, exterior space, and other such valuables. What else? If you do not agree with the original appraisal, you can request a second appraisal for a better assessment of your home. It is worth to note that the assessment of your assets and building needs to be changed from time to time. Your insurance provider will consider conducting a periodic home inspection and property review. It's better to have your property assessed once in five years, especially if you have any renovations, additional asset installation, upgrades, and other changes that may alter the value of your premises.


High-value home insurance is necessary for homeowners possessing a high-value property. But before you sign the insurance policy, it is highly recommended to get referrals from your neighbors and loved ones regarding the best insurance provider in your vicinity. Additionally, you can do your own online research to compare the quotes and other insurance coverage terms.

Listing Additional Info

  • State: Louisiana
  • Address: 1163 Braxton Street,
  • City: GRAMERCY
  • Zipcode: 70052
  • SOLD: no
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