The number of homes valued at $1 million and above has doubled in the past five years. With this recent surge in high-value homes comes an increased need for specialized coverage.
Homeowners often underestimate the value added by upgraded features such as imported tile, outdoor kitchens, custom-made cabinetry, built-in pools and custom brickwork. Consequently, many homeowners do not realize their homes fall into this high-value range, leaving them at risk for insufficient coverage by a standard mid-market policy.
Dig deep with clients and ensure they obtain the right specialty coverage for their specific needs. High-Value Homeowners insurance can help protect their investment.