High Value Home Insurance

Your home is considered to be “high value” when the replacement cost of your home exceeds $500,000. Should you require a High Value Home policy, below are some important issues you need to consider.

For further details regarding whether a High Value Home insurance policy is right for you, please contact any one of our five convenient locations and speak with one of our home insurance specialists.

Some important issues to consider are briefly discussed below.

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.

To make a claim call: 1-877-559-7556