Some Important Issues To Consider

• Most high value homes come with an insurance appraisal; the appraisal fee is either covered by the insurer or split with the homeowner on a 50/50 basis.

• High value policies often carry higher limits of jewellery and business tools or equipment.

• Wine cellars or wine collections can be insured with varying limits.

• Antiques and fine art can be insured to replacement cost, even if you cannot replace them.

• Some insurers offer replacement cost with no obligation to rebuild without deduction for depreciation.

• Some insurers will guarantee your mortgage rate (mortgage rate protection) should the rates increase during the reconstruction of your home.