• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us CALL US TODAY | (732) 295-5584 | INEAGENCY@GMAIL.COM
Home
  • Home
  • Get A Quote
  • Customer Service
  • What We Offer
    • Annuities
    • Automobile
    • Bonds
    • Business & Commercial
    • Dental
    • Flood
    • Homeowners
    • Life & Health Insurance
    • Limousine
    • Recreational Vehicle
    • Renters
    • Retirement Planning
    • Trucking
    • Watercraft & Boat
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Make a Payment
    • Insurance Glossary
    • News Center
  • About Us
    • About Us
    • Location Map
    • Privacy Policy
    • Event Calendar
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto Insurance AUTO Read More
Home & Flood Insurance HOME & FLOOD Read More
Business Insurance BUSINESS Read More
Life & Health Insurance LIFE & HEALTH Read More
Watercraft Insurance WATERCRAFT Read More
Retirement Planning RETIREMENT PLANNING Read More
Home > Blog > Is My Home Considered High Value?
MONDAY, MARCH 29, 2021

Is My Home Considered High Value?

FOR IMMEDIATE RELEASE:

Contact: Amanda Edwards
I & E Insurance Agency

www.getinsurancequotetoday.com

732-295-5584  ineagency@gmail.com

 

(Point Pleasant, NJ - March 29,   2020)     

 

 High Value Home Insurance 

 

For your home to be considered a high-value home, your home must generally be worth over $750,000 to $1 million or above. Requirements can vary depending on your insurer, so be sure to speak with your insurance agent and discuss your home’s value. 

What Insurance Do I Need for My High Value Home? 
High value home insurance covers a lot of the same coverage as a normal home insurance policy except with higher limits. Since your home is worth more, it will cost more to repair after a disaster. This includes: 

Dwelling Coverage 
Dwelling coverage provides compensation for damages to the physical home and its attached structures caused by fire, wind, hail, lightning, smoke, theft, vandalism and more. If the roof is damaged due to hail or a storm, for example, dwelling insurance should help cover repairs. 

Personal Belongings Coverage 
Personal belongings cover repairs and replacement costs for your personal items such as clothes, furniture, decorations and more. This covers damages caused by fire, lightning, smoke, theft, vandalism, etc. 

Many basic home insurance policies have limitations on coverage for more expensive items such as jewelry, furs and art. With a high value home insurance policy, you may receive around $25,000 in coverage for antiques and fine art and $10,000 per jewelry item. 

Liability 
Liability insurance under home insurance covers bodily injury and property damage someone else may suffer on your home’s property. If someone falls and breaks their ankle in your home, for example, liability insurance can help with the victim’s medical bills and protect the homeowner in case of a lawsuit. 

High value home insurance also covers higher limits of general liability, as many high value homes have areas of risk such as trampolines, pools and hot tubs that could lead to severe injury. 

You can also purchase additional insurance through umbrella liability, which fills in gaps left by your other liability insurance coverages. 

Additional Living Expenses 

Additional living expense (ALE) coverage provides compensation for living expenses if the original home is rendered uninhabitable by a disaster, including food and boarding costs. 

Not every home insurance policy is the same, and this applies to high value home insurance, too. You will need an insurance policy from a reliable insurer that is tailored to cover your needs. Speak with an insurance agent and compare quotes today to find the best insurance to protect your high value home. 

Posted 2:31 PM

Tags: high value home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • insurance(33)
  • home insurance(21)
  • flood insurance(21)
  • auto insurance(17)
  • life insurance(11)
  • commercial insurance(11)
  • business insurance(10)
  • insurance new jersey(10)
  • seaside(9)
  • property insurance(9)
  • disaster(9)
  • point(9)
  • high end(9)
  • nj home insurance(9)
  • ocean(9)
  • mantaloking(8)
  • coastal home insurance(8)
  • nj flood insurance(8)
  • insurance jersey shore(8)
  • homeowners insurance(7)
  • car insurance(6)
  • flood(5)
  • new jersey insurance(5)
  • best insurance agency of ocean county(5)
  • nj auto insurance(5)
  • home insurance quotes(5)
  • liability(5)
  • workers comp insurance(5)
  • insurance quotes(5)
  • blog(4)
  • coastal property insurance(4)
  • small business insurance(4)
  • bolg(4)
  • health(4)
  • annuities(4)
  • retirement planning(4)
  • ira rollovers(3)
  • ocean county flood insurance(3)
  • affluent home insurance(3)
  • top nj insurance agents(3)
  • home(3)
  • auto(3)
  • monmouth county flood insurance(3)
  • classic car insurance(3)
  • house insurance(3)
  • new jersey(3)
  • nj home insurance quotes(3)
  • renter's insurance(3)
  • ira plans(3)
  • burial insurance(3)

View Mobile Version
Facebook
Narragansett Bay logo
UPC Insurance logo
Travelers logo
The hartford logo
metlife logo
new jersey skylands insurance logo
progressive logo
facebook logo

Resources

Home About Us Get a Quote Customer Service Newsletter Contact Us
Chamber Certified
trusted choice logo
professional insurance agents logo

Contact Us

location icon
  • I & E Insurance Agency
  • 2900 Route 88
  • Point Pleasant, NJ 08742
  • Phone: 732-295-5584
  • ineagency@gmail.com

This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, accountant or your own financial advisor. EMC Insurance Agency & Financial Services LLC dba I & E Insurance Agency & Financial Services is an Independent Insurance Agency, a Member of the Trusted Choice , Independent Agents of America and member of the ANE Network of Independent Insurance Agents, contact your own advisors before making any decision.

Services offered through independent NON-AFFILIATED ENTITIES

© Copyright. All rights reserved.
Powered by Insurance Website Builder