High Value Home Insurance
High Value Home Insurance Information
High value home insurance is an important protection in keeping you and your family safe. The difference in coverage among carriers can be vast, however, and being underinsured may expose you to serious financial risk.
Ifft & Palmer Associates understands quality and efficient service for busy people who value your time. We will identify how to best protect you and tailor a comprehensive plan that prioritizes your needs. Through empathy and compassion for each client, we strive to be a successful premium insurer that puts forth the gold standard for high value insurance.
What Does High Value Homeowners Insurance Cover?
High value home insurance offers higher limits on the same coverages offered by a standard home insurance policy. This insurance may include:
Dwelling Coverage: Dwelling coverage provides compensation for damages to your physical home and its attached structures caused by fire, wind, hail, lightning, smoke, explosions, theft, vandalism and more.
Personal Belongings Coverage: Personal belongings coverage provides compensation for loss of or damage to your personal vehicles caused by fire, smoke, theft, vandalism and more.
High Value Homeowners Insurance vs Standard Homeowners Insurance
Liability: Personal liability insurance under your home insurance policy provides compensation for bodily injury and property damage someone else may suffer on your property. If someone falls into the pool in your backyard, for example, liability insurance can help pay for their medical bills as well as provide you with compensation for legal expenses should the victim decide to sue. This insurance can also expand to damages and injuries your family members and pets may cause someone else.
Additional Living Expenses: In case the home is rendered uninhabitable by a disaster, additional living expense coverage may provide monetary assistance for the cost of temporarily moving.
Since the coverage available under high value homeowners insurance is identical to that of standard home insurance
, many homeowners wonder what the difference is and if high value homeowners insurance is worth it.
High value homeowners insurance is a type of home insurance policy that covers high value homes, such as those valued at $750,000 or more. These policies offer larger limits to cover the value of the home.
The main difference between these two policies is the limits offered. High value homeowners insurance offers higher limits of coverage for homes of higher value that a standard homeowners insurance policy may not cover. Another important distinction is that in Pennsylvania, Mine Subsidence is automatically included in your high-value home policy.
Protect Your High Value Home
At Ifft & Palmer Associates, we look for ways to do more by giving you comprehensive protection to suit your unique needs. Connect with a responsive and dedicated advisor today at .