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What You Should Know About High-Value Home Insurance

Top things to know about high-value home coverage.

While you may be familiar with homeowners insurance in Plano, Texas, this does not mean that your knowledge translates over to high-value home insurance.  While both of these forms of insurance are designed to cover your home, personal property, personal liability, and so on, high-value home insurance is very different from standard home policies.  Here’s what you need to know about this special form of home coverage.

1) It Provides Ample Coverage for Living Expenses

While standard home insurance policies offer coverage for additional living expenses, the coverage included in high-value home policies is more extensive.  High-value home insurance policies have very high or even unlimited living expenses coverage limits to ensure that the policyholder is able to maintain their quality of life even when they are temporarily forced to live away from their home due to damage.

2) It Rewards Homeowners for Having Security Measures

Because high-value homeowners are more likely to own expensive and luxury items, they are also more likely to be targeted by criminals.  This is why it becomes a necessity for high-value homeowners to protect their property with a home security system.  To further encourage this security measure, many high-value home insurance policies offer the policyholder credit for having burglar and fire alarms installed in their homes.

3) It Includes Coverage for Things Excluded in Standard Home Policies

While standard home policies include coverage for extreme weather events, certain natural disasters are excluded from coverage.  For instance, traditional home policies specifically exclude coverage for flood damage and sewer backups.  However, high-value home insurance is not subject to the same limitations.  Many high-value home policies automatically include flood coverage or offer the option to add this coverage onto their policy.

These are some of the important things to know about high-value home insurance.  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.