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The one thing that many financially successful people have in common is the high level of wealth that they have invested in their homes. For this reason, you need a secure high value home insurance policy that will provide for your situation like a typical home insurance policy just cannot do.
Do you have acreage that you lend out to farmers? If so, you may require limited farm pollution liability coverage. If you have lawn tractors and high priced equipment for keeping your extensive grounds in prime condition, you will need a policy that provides protection for this as well.
That extra refrigeration in your wine room that keeps your valuable collection may breakdown one day, but with the right coverage all is not lost. The same goes for the extensive HVAC and electronic equipment, which needs adequate boiler and machinery coverage.
In addition to your massive dwelling, the contents of your home are likely of the highest value and quality. For example, you probably take pride in your collection of jewellery, fine art, coins or stamps. If you are active, you most likely have invested in expensive sporting equipment like golf clubs, ski equipment, road or mountain bikes and more.
All of these luxurious things require claims that require more specialized handling. The typical claims adjuster is not going to understand that you have shoes that are worth over $1,000 a pair, suits that cost $5,000 or a machine that makes your morning coffee that costs more per cup than anything you can buy at a national coffee chain.
Individuals with a high net worth have special requirements when it comes to insurance for their property and personal belongings. Building a high value homeowners insurance policy that is right for you requires the skills and knowledge of a professional broker that knows all the right questions to ask to ensure all of your needs are met. The same is true for insuring your second and third properties as well, such as your condo in Florida or you cottage in the Muskoka’s.
High value homeowners insurance provides policyholders with coverage that extends far beyond traditional home insurance for structures and contents. Some of the most popular coverage options for high value home insurance include:
At Colley Insurance our brokers have on average a minimum of ten years of experience in the industry. In addition, they have participated in extensive education. Therefore, you can rest assured that they will be able to save you money on the best policies available.
One way that being so knowledgeable helps is these brokers are aware of every luxury home insurance discount out there. From new home, age, non-smoker and multi-policy to claim and mortgage free discounts, you can rest easy knowing that you are getting the very best for your insurance dollars. Click on the quote request button now to find out the coverage options and discounts available to you today.