It's fairly common to imagine your home as your castle. However there are homes that are literally castles, and others still that at least match the value of any castle to be found. Homes like these call for insurance policies that offer a little extra. After you've made a large investment in a high-end property, you should do as much as you can to protect it. This is recognized by most insurance companies, who offer policies with added coverage terms and extras that would appeal to luxury-home owners.
If you are looking to insure your luxury property, be sure to look for these suggested policy additions. With these, you will get the coverage and service that you need:
- Added coverage for custom construction. You have invested a lot into the style, strength and durability of your home. You may have even invested heavily in expensive quality materials which were used in its construction. These are points which should be highlighted to the insurer. Prior to an incident occurring and a claim being made, specialty items must be noted and covered.
- Added coverage for fine jewelry, art, sculptures and other collectables.
- Added coverage for multiple dwellings or for secondary homes. On a large property, you may have a guest house or live-in housekeeper quarters. These structures should be covered, as should vacation homes and weekend properties.
- Added coverage for special situations. For example, where damage occurs, rebuilding is needed. If you find that an average policy's coverage limit may not cover costs, some policies are flexible enough that the insurer can offer you higher coverage. This may also apply in situations where the legal liability limit seems low. An agreement can be made that coverage is provided in excess.
Investing in a luxury, high-end home can be costly, so, when insuring it, it is vital that you are fully covered.
For further advice on your Oklahoma City luxury home insurance, contact us today at 405-373-2977. We will be happy to aid you in drawing up the right policy for you.