Although you have an impressive financial portfolio, your home likely makes up a good portion of it. In fact, your home may be one of the biggest assets you’ve purchased to date, so it’s important that you protect it.
Fortunately, you can – if you have the right home insurance. To make sure you have enough homeowners insurance in Coppell, TX to protect your high-value home, there are a few things you need to consider.
First, you need to consider the value of your home. Generally, if your home is worth $750,000 or more, you can qualify for high-value home insurance. Some insurers wait until the $1 million mark to provide this type of coverage, though.
When you purchase high-value home insurance, you can rest easy that the significant investment you’ve made in your home is fully protected.
You also need to consider the belongings you store in your home. Standard homeowners insurance policies have limits on how much valuables coverage they’ll offer. For example, most policies cap the coverage in fur, art, jewelry, and other expensive items at $1,000 or $2,000 per item. Furthermore, most standard policies limit the overall personal property coverage at 50 to 70 percent of the home’s value. If the value of your belongings exceeds those limits, a high-value home insurance policy can be the solution!
You shouldn’t be left wondering if you have enough homeowners insurance in Coppell, TX to protect your high-value home! Talk to an insurance expert to make sure your investment is best protected by contacting Mike Leonard Insurance Agency. Serving homeowners throughout North Texas through our carriers Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance, we customize your policy so your high-end home has top-tier protection.