close up of two people discussing an insurance policy, coverage included in high-value home insurance

What Does High-Value Home Insurance Cover?

Here are some of the coverages included in your high-value home policy.

While they offer the same coverages included in standard homeowners insurance in Plano, Texas, high-value home policies also provide additional insurance protections.  Here is a breakdown of the coverages included in your high-value home insurance policy.

Base Coverage

As previously mentioned, high-value home insurance policies offer the same coverages found in standard homeowners policies.  However, in a high-value home policy, these coverages come with much higher limits as compared to standard policies.  High-value home insurance base coverages include the following:

  • Dwelling coverage– Covers damage to your home’s physical structure.
  • Personal property coverage- Covers your personal belongings such as furniture, clothing, electronics, jewelry, and so on.
  • Personal liability coverage– Covers a range of incidents where a policyholder may be held responsible for another party’s property damage or injuries.
  • Additional living expenses coverage– Covers the cost of temporarily living away from home if it has suffered major damage.
  • Other structures coverage– Covers damage to secondary structures on your property such as a detached garage, tool shed, pool house, fences, and so on.

Additional Coverage

In addition to the base home coverages listed above, high-value home insurance policies also offer coverages that cannot be found in a standard home policy.  For instance, some of the extended coverages that high-value home policyholders can enjoy include the following:

  • Sewer backup coverage
  • Spoilage coverage (coverage for refrigerated food)
  • Coverage for rebuilding your home to code
  • Vacation home coverage
  • Kidnap and ransom coverage
  • Flood coverage

This is a breakdown of the coverage offered by high-value home policies.  Do you have additional questions regarding your high-value or standard homeowners insurance in Plano, Texas?  If so, then contact the experts at Tri-Star Insurance/HUB International for assistance today.