What is high value home insurance?
Owning a high-end home comes with some additional insurance considerations. When a standard homeowners policy isn’t sufficient for an Colorado residence, there’s high value home insurance.
High value home insurance offers protection that goes beyond the standard coverages. It has those, certainly, but also much more.
Who in Colorado does high value homeowners insurance make sense for?
High value homeowners insurance may be right for Colorado residents who have a more expensive home and want extra protections. Most policies are for homes valued around at least $750,000-$1 million. This isn’t a hard-and-fast criterion, though, as some policies are available for homes costing a few hundred thousand.
In a few situations, this type of policy could be advisable even for high income earners even if they don’t have a particularly expensive house. The other protections that these policies can offer go beyond just protection for a home, potentially offering other protections that high income earners want.
Anyone who isn’t sure whether they should get a standard or high value homeowners policy should talk with an insurance agent who knows these policies well. A specialized homeowners agent will be able to help decide which is the best option for a particular situation.