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Westchester County Homeowners Insurance: High-End Home Insurance

Westchester County Homeowners Insurance High-End Home InsuranceWestchester County Homeowners Insurance: High-End Home Insurance

You own a home; you need any standard home insurance policy right? Not quite that simple.

For one thing, it is essential to know the value of your coverage. Homeowners’ policies may cover fire damage and theft, but their loss limits typically fall way short of the necessary range. Insuring luxury and high end homes requires a more carefully constructed home insurance plan than a standard house. High end homes often boast fine luxury features, extraordinary craftsmanship, technology, and expensive furnishings that could be extremely costly to repair or replace if damaged.

When insuring your high end home, you want to take the time to thoroughly evaluate the property with your insurance agent. The cost of materials, fine art, jewelry, furniture, technology; everything should be analyzed and assessed. Often times, the program in place can have either duplicate or too much coverage, or not enough coverage. You want a comprehensive policy that represents the true value of your home and its content.

A strong high end home insurance policy requires a thorough fact-finding and replacement cost analysis of your home. The policy should also reflect any exposures that could increase your liability, such as swimming pools, and tennis or basketball courts, so that if someone is injured on your property you are covered.

Other factors that might be considered are excess flood insurance, incidental business coverage, identity theft, and if a structure needs to be rebuilt to “green standards,” to make sure you have the exact coverage your home requires. If you employ a staff, there may be a need for employment practices liability insurance or workers comp insurance.

At A.J. Benet, we understand the intricacies of insuring high-end luxury homes. We will work with you to make sure you have a comprehensive homeowners insurance policy that ensures you and your family have the best protection. And in the event of a loss, you can be assured that a team of adjusters is available to you 24/7. Contact us today for more information about our Westchester County Homeowners Insurance.

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