High Value Home Insurance in Colorado

What protections should homeowners look for in high value homeowners policies?

High value homeowners insurance policies can build upon the protections that standard homeowners policies offer. You can expect a diverse array of common and less common coverages in these policies.

Some of the more common coverages that are still important include:

• Dwelling Coverage: Usually insures the main residence on a covered property, providing protection against many causes of damage or destruction. The perils that a high value policy offers may be more extensive than what a standard policy covers.
• Other Structures Coverage: Usually insures additional structures located on the property such as guest houses, gazebos, sheds, detached garages and boathouses. The sizes and types of buildings that high value policies can cover may be more than standard policies will insure, and high value policies might cover more perils.
• Personal Property Coverage: Usually insures personal belongings, often including items like clothing, books, furniture, antiques, electronics, jewelry and collectibles. High value policies may offer more coverage for particularly expensive items or collections.
• Coverage for Rebuilding to Code: Usually insures against potential additional costs required to rebuild a home so that it’s in compliance with current building codes.
• Sewer Backup Coverage: Usually insures against damages sustained because of plumbing-related issues, often including incidents like leaking or burst pipes.
• Personal Liability Coverage: Usually insures against basic personal liability lawsuits, typically providing protection for the homeowner and their family.

Some coverages that aren’t in many standard homeowners policies, but in many high value homeowners policies include:

• Vacation Home Coverage: May cover additional residences, such as second, third, or fourth homes, whether located in Massachusetts or other places.
• Refrigerated Food Coverage: May cover perishable food items that spoil due to covered incidents, often including power outages and electrical surges.
• Kidnap and Ransom Coverage: May cover costs associated with domestic or international kidnapping and ransom situations.
• Cyber Coverage: May cover online threats, offering protection from risks such as phishing scams, hacking attempts, and ransomware demands.