home cutout resting on stacks of coins, benefits of high-value home insurance

High-Value Home Insurance: Understanding Your Coverage

Why you should get high-value home insurance if you qualify.

High-value homeowners insurance in Plano, Texas is one of the most comprehensive coverage options available.  This is why everyone who qualifies for this coverage is encouraged to secure it.  But who qualifies for this coverage option and what makes it so good?  Here’s what you need to know about high-value home insurance.

Who qualifies for high-value home insurance?

While this coverage is primarily marketed to homeowners, high-value home insurance is also a great option for high-value condo owners and renters as well.  Typically, this insurance is designed to cover homeowners whose property is worth over $750,000.  High-value home insurance is also recommended to home and condo owners whose property has special design elements or architectural features.  Finally, this coverage is recommended for people who own heritage homes or who own high-value fine arts, collectibles, jewelry, wine, and so on.

What are the benefits of high-value home insurance?

There are many benefits associated with high-value coverage.  The main advantage of these policies is that they offer higher coverage limits for home damages, personal possessions, and personal liability claims.  These policies are also more flexible and convenient than standard home insurance policies because they offer full cash-value payouts without depreciation for home and personal contents claims.  Other benefits of high-value home insurance include the following:

  • Unlimited additional living expenses coverage so you can maintain your standard of living even if your home is damaged and temporarily uninhabitable.
  • Complimentary home inspection that verifies the value of your home and guarantees that your home’s replacement value is adequate.
  • Higher coverage limits for sets and pairs (ensures that you have enough coverage to make home repairs and partial rebuilds match your home’s existing design and aesthetic).
  • Additional personal liability coverage to protect your liability worldwide.
  • Ability to secure a wide variety of policy add-ons such as cyber protection.

This is what you need to know about high-value homeowners insurance in Plano, Texas.  Do you have additional questions regarding your home coverage?  If so, then contact the experts at Tri-Star Insurance/HUB International.  We are ready to assist you with all your home insurance needs today.