Luxury Home Insurance Explained

As a homeowner, you probably have an insurance policy designed to protect your home, but if you own a higher end home you may need to consider another type of home insurance often referred to as luxury or high home insurance. You cannot simply assume that a standard homeowner’s policy covers your property and all your assets.

 

Luxury or high value home insurance is a policy that can sufficiently protect your costly home in a manner that the average homeowner’s policy cannot. This form of insurance is usually targeted towards homes valued at more than half a million dollars, homes with high-value items on display, and estates with numerous dwellings. This form of insurance closes the gap between your home’s actual value and the cost of regular home insurance replacement, thus allowing you to rebuild or replace what you’ve lost.

 

A considerable amount of your wealth is invested into your home. Some of the considerations unique to luxury or high value homes include custom materials and construction, important documents and papers, lavish jewelry, rare sculptures, prints and paintings, and other valuable collectibles. You are exposed to a number of risks, and may need to customize an extensive high value home insurance policy to cater specifically to your needs and those of your home.

 

Luxury home insurance often provides worldwide coverage for your possessions in the event of damage, loss or theft, even when these belongings are temporarily away from home. This form of insurance also provides coverage for all domestic employees liability and possessions. Take note, however, that an individual usually needs to meet certain criteria in order to qualify for this specialized form of coverage.

 

As a homeowner, you want to insure your luxury home is fully protected. It is crucial to arrange for quality coverage and protection for your luxury residence as soon as possible.

 

F.J. Velten & Sons Insurance Agency, Inc. is a Florida insurance brokerage that offers an extensive range of coverage options for your luxury home, and can customize a high value home insurance policy to suit your personal needs. Call them at 1‑877-715-0050 or visit http://www.velteninsurance.com.

F.J. Velten & Sons, Inc. is an independent company with securities offered through Summit Brokerage Services, Inc., Member FINRA/SIPC.  Advisory services offered through Summit Financial Group Inc., a Registered Investment Advisor.  F.J. Velten & Sons Insurance Agency, Inc., is not an affiliate of F.J. Velten & Sons, Inc., Summit Brokerage Services, Inc., Summit Financial Group or any of its affiliates.

This material was prepared by Infocus Publishing, and does not necessarily represent the views of the presenting party, nor their affiliates. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice.