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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, there are a few important issues you need 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 will often carry higher limits of jewelry 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

• mortgage rate protector:  some insurers will guarantee your mortgage rate (mortgage rate protection) should the rates increase during the reconstruction of your home

For further details regarding whether a High Value Home insurance policy is right for you, please contact any one of our 5 convenient locations and speak with one of our home insurance specialists.