High Value Home Insurance

When looking for insurance for your high value home it’s important to understand exactly what kind of insurance coverage you may require. If you own a large home with a replacement cost of over $750,000 with high end finishes you will likely need an insurance product which offers higher coverage limits than a typical homeowners policy.


What are the key features of high value home insurance?


There are several coverage items which must be reviewed to see if you require a high value home insurance policy.


  • Property value – Does your home currently have a replacement cost of more than $750,000?
  • Quality Building Materials – Was your home constructed using materials and finishes from a boutique or speciality supplier.  Were designers or consultants used?
  • Special or high-value items – Do you have special or high value items in your home that require higher limits of insurance such as jewellery, wine collection, antiques or collectables?
  • Do you have a smart home – Have you spent money on smart home upgrades or speciality heating and cooling systems?

If you find you have answered YES to one or more of the above questions, you should consider obtaining a quote for high-value home insurance.


You feel high value home insurance is right for you – now what?


Depending on your answers to the above questions, you may qualify for high value home insurance which will provide greater protection than what is typically provided on a standard homeowner’s policy. Your next step is to work with a licensed insurance broker to obtain the right advice and insurance coverages for your specific needs & situation. We will ask the right questions to ensure you get the right coverage as well as make sure the correct discount is factored into your quote.


How we can help


At Servo Insurance Brokers we help to insure high-value properties all over Ontario and we offer e-sign applications, making the process simple and time-saving. We have access to insurance products which offer not only competitive pricing but also very competitive coverages. Our brokers are knowledgeable in this area of insurance so if you are thinking of buying a luxury home or if you are an existing homeowner who would like to review your insurance options let us know. We can help you obtain a quote so please give us a call today @ 1-877-454-4476 – or visit our website for your insurance needs


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