Standard homeowner policies are great for most homes, but they usually don’t include the amount or types of insurance coverage owners of luxury homes require. Insurance company claim adjusters, who routinely see insurance claims on more average homes, often don’t develop the expertise necessary to properly estimate and settle claims on customized homes of high value. That’s why First Underwriters Insurance Brokers represents several insurance companies that specialize in insuring elite homes. We understand the importance of appraisals, coverage, and claim service when expensive assets are involved.
Here are just a few of the considerations that are unique to luxury houses and require custom insurance protection and specialized service:
Let First Underwriters tailor an insurance package for you that will have you getting the most out of your insurance protection. We are also able to help with the cost of insurance by offering a premium funding option, allowing you to spread the cost of the premium over the year rather than a lump sum payment.
Rebuilds your home and other structures at the existing property after a total loss, even if the cost exceeds the policy limit.
Covers any additional living expenses while your home is being repaired.
Repairs or replaces covered damaged property with comparable products or materials that are environmentally friendly.
Provides the full amount needed to replace damaged personal property.
Waives your deductible (if it is $50,000 or less) on losses over $50,000.
Replaces or repairs trees, shrubs, plants, and/or lawns after certain covered losses, such as fire, explosion, lightning, vandalism or theft.
Allows you to tailor coverage limits for personal property and other structures by increasing or decreasing them as your circumstances change.
Covers physical loss or damage to your residence, personal property and other structures caused directly by surface water or flood, including debris removal.
Available Countrywide, even California.
Protects structures while they are being constructed or renovated.