High Value Home Insurance

High-value home insurance can offer essential coverage for upscale homes and their contents. It often provides more robust coverage than standard home insurance, and the right policy can help ensure you have sufficient financial protection in the event of a covered loss.  

The agents at Gordon Insurance in Redwood City, California, can work with you to help you secure the optimal policy. Contact us for more information. 

What Is High-Value Home Insurance? 

Policies vary, but high-value home insurance, also known as high-value homeowners insurance, generally provides coverage for homes valued over $750,000. The cost to replace these properties often exceeds $1 million, and they may hold architectural or historical significance. Additionally, they may be built from difficult-to-find or costly materials.  

High-value home insurance may have higher limits than standard policies and offer more robust coverage. For example, it may provide:  

• Extended replacement cost coverage or guaranteed replacement cost coverage to help reduce the policyholder’s out-of-pocket burden after a significant covered loss
• Increased liability coverage with higher limits and coverage for personal injuries such as libel and slander claims 
• Living expenses following a covered incident that forces the policyholders to move out of the house while it is being fixed at a rate higher than that of a standard policy
• Coverage for sewer backup
• Increased medical payments coverage to help pay for guests’ medical expenses if they are injured on your property
• Higher limits than a standard policy to replace trees and shrubs 

Additional coverage may be available. Reach out to our agents for more information regarding options, limits and exclusions.  

Content Insurance for High-Value Homes 

High-value homes often contain expensive personal belongings, so high-value home insurance may offer improved contents coverage to address this exposure. For example, it may include replacement value coverage for these items. Coverage is generally offered on an open perils basis, meaning causes of loss are typically covered unless they are expressly excluded in the policy. Additionally, coverage for pairs and sets may also be included in a high-value home insurance policy.  

What Does High-Value Home Insurance Cost? 

Premiums for high-value home insurance vary depending on several factors including the location, age and value of the home. Your claims history and policy details (e.g., deductibles and limits) may also impact rates. Reach out to us for a quote. 

Contact Us  

The experienced Gordon Insurance team is ready to help you secure the insurance that best meets your needs. Contact us today to get started.