ECONOMICAL
SIMPLE
The importance of the high-value home insurance policy
Investing in a luxurious condo, an architect’s house, or a prosperous estate in the countryside is undoubtedly a substantial purchase that you must think about protecting effectively.
Such an investment can be the most important one can make in a lifetime and being able to protect it is a must in order to preserve one’s heritage intact. The best thing to do is to take out high-value home insurance to cover your luxury home.
This is an ideal cover for your assets, especially in the event of a claim. Here are some tips and advice to effectively protect your property and enjoy peace of mind and peace of mind.
High-value home insurance
Have a well-stocked wine cellar, a collection of works of art or objects of great value, etc. It’s very rewarding, but you have to insure them at the same time as your luxury residence. Even if the latter has priority. To mitigate all incidents and protect your possessions as well as your home, you need to choose a comprehensive insurance policy with a good amount. Seeking the help of an expert can be very helpful because they can carefully assess the right amount of insurance needed to cover their high-value home.
Generally, insurers specializing in high-value residences conduct an inspection to establish an accurate estimate of the cost of rebuilding. This is the guarantee of being insured in the event of a total loss of the home. It is hardly surprising that for this type of property, the amount of insurance is high. Of course, it is, but it is fully justified given that it is not a simple municipal assessment but a real estimate of the cost of reconstruction.
High-end tailor-made coverage
Your prestigious house deserves tailor-made protection. Don’t leave anything to chance! A simple standard contract is not enough. An independent insurance broker is your best ally in securing your wealth.
- Personalized analysis : He understands your specific needs and selects the ideal insurance.
- Exclusive guarantees : Works of art, rare furniture, high-end materials… Everything is covered!
- Save time and money : No more endless searches! He compares for you and negotiates the best rate.
- Comprehensive support : From underwriting to claiming, they manage everything for you.
Why manage such a strategic insurance policy alone? Entrust this mission to an expert and insure your luxury property without stress!
The process to follow regarding the insurance of a luxury residence is very different from that relating to the protection of a semi-detached property. This is why the insurer must offer personalized guarantees in order to meet the exact and real needs of its customer. Indeed, some people may have a house of great value but with very modest furniture and objects. Just as there are people who can opt for an average house and dispose of high-value goods on it. And then there are also those who combine the two.
And this is where an insurance broker comes in who must understand the expectations of his sponsor and his real situation in order to find him the offer that exactly meets his requirements. He can determine whether a specialist in prestige home insurance is needed or just a simple standard insurance will do. He must accompany his client in the various steps and advise him to make a wise decision to protect his property and heritage.
Things to consider
- Have umbrella insurance to have the right amount of liability insurance;
- Provide guarantees to cover all the goods making up the home;
- Complete your insurance with replacement cost, which allows you to replace the contents but without the obligation to rebuild everything in the event of a loss;
- Provide sufficient coverage to cover water damage and other similar losses;
- Have sufficient insurance to cover the wine cellar, jewelry, artwork, and high-value possessions.
Acquiring a prestigious residence is the culmination of many years of hard work. An investment that deserves to be effectively and sufficiently protected in anticipation of any incident or disaster that may occur at any time. The first step to take in this direction is to find the right insurer, which may not be as easy as that. The best thing to do is to get in touch with an independent insurance broker who can help the customer through sound advice and the search for the best offers in terms of high-value home insurance . It is essential to afford adequate coverage at very competitive rates.
Do all companies offer high-value home insurance?
No. Some companies have specific underwriting rules for high-value insurance, which is often offered under a different company name. Some insurers offer high-value home insurance under the name “Private Client”. These policies are distinct from regular standard policies in that they may offer different types of coverage, limits, and options.
Not all companies have these separate sections for high-value home insurance, but they can still offer high-value coverage. Additionally, some companies may only offer coverage up to a certain amount of housing, which means that high-value homes will be underinsured and homeowners will have to find alternative coverage.
Assur360 offers a v.i.p. service. For our private wealth clients with a high-value home, a broker can be attracted to you and your requests come first. At each renewal, your broker will analyze your file in depth.
Quel est le prix d’un courtier en assurance ?
Generally, the services of a damage insurance broker do not cost the client directly. Brokers are compensated by commissions paid by insurance companies for each contract signed. These commissions are already included in insurance premiums, which means that customers do not pay more for their insurance through a broker. In some cases, for specific services or highly personalized advice, brokers may charge additional fees, but this must be communicated clearly in advance.
