Gray and White House Beside Body of Water on rocks

August 27, 2014

High value homeowner’s insurance

1 min read


For most people, their home is their biggest investment. Just as no two homes are alike, no two homeowner’s insurance policies should be the same either. And owners of high value homes know that quite often, standard insurance is just not enough to fully protect their property and possessions.

High value properties have different insurance needs that simply aren’t fully covered by most homeowner’s policies. For example, if you have a significant amount of very expensive possessions, you  will need a custom-tailored homeowner’s insurance policy.  The last thing you want to do is pay for repairs to your home and replace your contents out of your own pocket just because you went with the wrong insurance policy. If you really think about it, being underinsured is quite possibly worse than not being insured at all. If you are paying for a policy that doesn’t properly insure you, you may not have the right coverage in place in the event of a claim. Why pay for something that is not much use to you?

In general, high value homeowner’s insurance exists to protect the needs of those with more material wealth than the average home owner. Having more coverage and higher limits will offer peace of mind knowing that your possessions are properly insured.

How do you know if you qualify for high value homeowner’s insurance? Here are some questions to answer:

  • Was your high value home designed by an architect?
  • Does your home have unique features?
  • Do you have high value collectible items?
  • Do you have high value jewelry?

Protect your investment

If these items sound like your current situation, it may be time to explore a high value homeowner’s insurance policy. Whether you live in Oshawa, Whitby, Ajax, Pickering, Manotoulin Island, or anywhere else in between, be confident you have enough coverage to protect your house and belongings in the event of a loss. The insurance experts at Mitch would be happy to review your current policy and provide a no-obligation high value homeowner’s insurance quote that is unique to you. Protect your investment – make sure you are not underinsured as a high value homeowner.

If you have any questions or to obtain a customized quote, contact Mitch Insurance Brokers at 1-800-731-2228.

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