Call Us (850) 785 – 2383 ☰ ˟
Policy Service Request File a Claim
St Andrews Insruance Agency
850.785.2383
  • Home
  • Coverage
    • Automobile
    • Boat
    • Business
    • Commercial Auto Insurance
    • Condominium
    • Flood
    • Homeowners
    • Hurricane
    • Personal Umbrella
    • Recreational Vehicle
    • Renters
  • Get a Quote
    • Auto
    • Boat
    • Business
    • Flood
    • Homeowners
    • Hurricane Insurance Quote Form
  • Blog
  • Resources
    • How Insurance Companies Decide Auto Insurance Rates
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About St. Andrews Insurance Agency, Inc
    • Location Map
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto Insurance Home Insurance Business Insurance Commercial Auto Insurance RV Insurance Boat Insurance
Home > Blog > Getting Appropriate Coverage Levels for Your High Value Home
THURSDAY, AUGUST 26, 2021

Getting Appropriate Coverage Levels for Your High Value Home

It goes without saying that as homes increase in value, so do the risks that owners face. 

High value homes may necessitate higher insurance levels because of their considerable costs. High value home insurance usually covers homes that have values higher than $750,000. 

Why do high value homes need high value insurance? 
Lake house
High value homes cost a lot to build, and they usually are on more expensive property. They also have a tendency to contain a higher proportion of valuable items. 

Customized plans, materials and reinforcements may also go into building these homes. Therefore, the home’s value will likely rapidly increase. In case of a loss, homeowners could face hundreds of thousands, if not millions of dollars in damages. 

High value home insurance protects the unique costs that come with expensive homes. 

Questions to Consider for High Value Policies 

Consider aspects of your home and let your insurance agent know. He or she might be able to add extra protection to your high value home insurance.  

High value policies usually come with standard comprehensive and liability coverage. These coverage levels are often higher than those on the standard policy. Agents can often further specify policies to cover unique aspects of high value homes. 

  • Does your home contain expensive art, jewelry or other valuables? You might be able to add a specific dollar amount of coverage to protect these items. This is excess value or valuables coverage. 

  • What was the cost of building your home? If it was excessive, would a standard policy be enough to cover the replacement value? If not, consider high value home insurance. 

  • Do weather, fire or theft pose threats to the home? High value policies may contain higher levels of property value. 

  • How could water damage affect your home? The average home insurance policy doesn’t cover flood threats. If water damages an expensive home, the repair costs could add up quickly. High value home insurance can contain sewer and drain damage coverage. This coverage can protect the home in case of some types of water damage. 


You stand to lose a lot of money if a peril destroys your high value home. That’s why the special coverage levels of high value home insurance can protect you. 
Posted 5:45 PM

Tags: homeowners insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • home insurance(9)
  • condo insurance(8)
  • auto insurance(7)
  • flood insurance(5)
  • commercial auto insurance(4)
  • st andrews insurance agency(4)
  • homeowners insurance(3)
  • car insurance(2)
  • renters insurance(2)
  • liability insurance(1)
  • commercial property insurance(1)
  • business insurance(1)
  • contents insurance(1)
  • workers compensation(1)
  • jewelry insurance(1)
  • property insurance(1)
  • condominium insurance(1)
  • workers compensation insurance(1)

View Mobile Version
Facebook
Google+
Get Directions
Contact Us Today
Have Questions?
Contact Us
Resources
Get A Quote
Refer A Friend
Our Carriers
About Us
Blog
Contact Us
Contact us 1742 W. 15th Street
Panama City, Florida 32401

Ph: (850) 785 – 2383
Fx: (850) 785-0066
E: saiai@standrewsins.com
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.