What type of home insurance coverage should I look for if I own a high-value home in Dallas?
If you own a high-value home, you’ll typically have additional risks and exposures that are better covered by an insurance company that specializes in High Net Worth individuals.
One example is how jewelry is covered: most traditional insurance companies have a limitation on what they will pay for a jewelry loss. You can ‘schedule Jewelry’ on most home policies and it will cover the specific jewelry item for any type of loss.
This can be expensive and requires up to date appraisals of each item. Insurance coverage that is designed for the High Net Worth Home has "Blanket Jewelry" coverage. Which has a limit per item, but does not require any specific item to be listed.
Meaning, if you purchase a $10,000 ring, it is automatically covered for any type of loss. The same as if you would have scheduled it (listed it on the policy).
This type of coverage is also available for Art Work, Collectables and many other types of items you may find in a High Net Worth household.
Another example is how your high-value home in Dallas is covered in the event of natural disaster or man-made exposure: your high net worth homeowners insurance contains all the coverage provided under a traditional homeowners policy then in addition to that, if a significant portion of your home is damaged your high-value homeowners policy allows your home to be rebuilt to its previous value.
Talk to an agent about protecting your high-value home, call (972) 991.9100 or start your homeowners quote right now.
Article: 10 Things to Know About High-Value Homeowners
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