Home » Is My Home Considered High Value?
March 29, 2021

Is My Home Considered High Value?


Contact: Amanda Edwards
& E Insurance Agency


732-295-5584  [email protected]


(Point Pleasant, NJ – March 29,   2020)     


a house with trees in front of a building High Value Home Insurance 


For your home to be considered a high-value home, your home must generally be worth over $750,000 to $1 million and  above. Requirements can vary depending on your insurer, so be sure to speak with your insurance agent and discuss your home’s value. 

What Insurance Do I Need for My High Value Home? 
High value home insurance covers a lot of the same coverage as a normal home insurance policy except with higher limits. Since your home is worth more, it will cost more to repair after a disaster. This includes: 

Dwelling Coverage 
Dwelling coverage provides compensation for damages to the physical home and its attached structures caused by fire, wind, hail, lightning, smoke, theft, vandalism and more. If the roof is damaged due to hail or a storm, for example, dwelling insurance should help cover repairs. 

Personal Belongings Coverage 
Personal belongings cover repairs and replacement costs for your personal items such as clothes, furniture, decorations and more. This covers damages caused by fire, lightning, smoke, theft, vandalism, etc. 

Many basic home insurance policies have limitations on coverage for more expensive items such as jewelry, furs and art. With a high value home insurance policy, you may receive around $25,000 in coverage for antiques and fine art and $10,000 per jewelry item. 

Liability insurance under home insurance covers bodily injury and property damage someone else may suffer on your home’s property. If someone falls and breaks their ankle in your home, for example, liability insurance can help with the victim’s medical bills and protect the homeowner in case of a lawsuit. 

High value home insurance also covers higher limits of general liability, as many high value homes have areas of risk such as trampolines, pools and hot tubs that could lead to severe injury. 

You can also purchase additional insurance through umbrella liability, which fills in gaps left by your other liability insurance coverages. 

Additional Living Expenses 

Additional living expense (ALE) coverage provides compensation for living expenses if the original home is rendered uninhabitable by a disaster, including food and boarding costs. 

Not every home insurance policy is the same, and this applies to high value home insurance, too. You will need an insurance policy from a reliable insurer that is tailored to cover your needs. Speak with an insurance agent and compare quotes today to find the best insurance to protect your high value home. 

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