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Home > Blog > What Is High-Value Home Insurance?
WEDNESDAY, NOVEMBER 16, 2022

What Is High-Value Home Insurance?

If your home value is $750,000 or more, your house may be considered high-value. Due to the high costs of the repairs and replacements necessary for these luxury homes, a standard homeowners policy may not be sufficient for your financial protection.  

We’re here to answer all of your insurance questions today. Call Allwood Forlenza Agency, Inc., to learn more about our coverage solutions.  

What Is High-Value Home Insurance? 

High-value home insurance is a specialized home insurance policy designed for homes with high property worth. These policies are designed to meet the specific needs of high-value homeowners by providing higher coverage limits than are available with standard homeowners insurance policies.  

In addition to a property value of $750,000 or above, you may want to consider high-value home insurance if your house has characteristics  that would be costly to repair, such as: a large brick building with grass in front of a house

  • If it has hard-to-replace building materials 

  • If it is a heritage home 

  • If it has unique architectural features 


If you believe you own a high-value home, contact Allwood Forlenza Agency, Inc. to speak to an insurance agent today.  

What Does High-Value Home Insurance Cover? 

Here are some of the coverages commonly included in a high-value home insurance policy: 

  • Personal liability coverage helps pay for medical expenses or legal fees if someone is injured at your home or alleges you caused property damage. 

  • Personal possession coverage helps pay to repair or replace your personal belongings if they’re damaged or destroyed by a covered loss. 

  • Dwelling coverage helps pay to rebuild or replace damaged structures on your property (e.g., your home or an attached garage). 

  • Additional living expense coverage helps pay for your temporary relocation (e.g., food, hotel stays) if property damage forces you to leave your home.   


Generally, high-value home insurance will have greater policy limits than a standard homeowners policy. It may also offer additional features, including the following: 

  • Coverage for sewer backup 

  • Robust personal property coverage for your possessions (e.g., jewelry, rugs, furniture) 

  • Extended replacement cost coverage or guaranteed replacement cost coverage 

  • Coverage for personal injuries (e.g., libel and slander)  


Contact our agents for more information on terms, limits and exclusions. 

How Do I Buy High-Value Home Insurance? 

With over 70 years of experience insuring customers in New Jersey, we’re here to make sure you get the high-value home insurance you deserve. Contact Allwood Forlenza Agency Inc. for a free quote today.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 
Posted 2:40 PM

Tags: homeowners, policy, coverage, insurance
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