High value home insurance provides coverages tailored for homes valued over $1 million. Expensive homes and mansions need specialized coverage in case of a loss, because repair costs will be high. High value home insurance promises to rebuild or replace homes in a way that will equal their current value at the time of the loss, without cutting corners.
In addition to the standard homeowner's insurance coverage, a premier home policy may provide the following enhancements; Property Insurance; All-risk coverage for both the dwelling and contents; Enhanced coverage for art, computers, jewelry, etc; Loss of use coverage for living expenses if your home is damaged; water damage from the backup of sewers or drains and more. Other may also include Personal Liability for resident employees and identity Theft Insurance for losses due to identity theft.