High Value & Historic Homes Insurance Coverage in Massachusetts
We’ve Got Your High Value Home Covered
High value home insurance is a type of insurance policy specifically designed for individuals who own high-end or luxury homes. This insurance policy provides comprehensive coverage for high-value homes and their contents, taking into account the unique insurance needs of the homeowner. High value home insurance policies typically offer higher coverage limits and a wider range of coverage options compared to standard home insurance policies. This type of insurance policy is designed to protect the homeowner's investment in their home, which is often much more valuable than a typical home. The coverage options can include protection for high-value items such as jewelry, fine art, and other collectibles, as well as protection for the home's structure, contents, and personal liability (Note: a separate Jewelry, Fine Art or Collectibles insurance policy may still be required depending on the value of such possessions) . High value home insurance policies can also provide coverage for the cost of temporary living expenses if the home is damaged and becomes uninhabitable.
Historic Home Policy Experts
A historic home policy is a specialized type of insurance coverage designed specifically for owners of historic homes or heritage homes with special features. This policy provides coverage for the unique needs and risks associated with owning a historic home, which often have distinct and valuable architectural features and materials. A historic home policy typically covers the structure of the home and its contents, including any special features, fixtures, and decorative elements. It also covers the cost of rebuilding or restoring the home in the event of damage or loss. In addition, a historic home policy may also provide protection for personal liability in the event of injury to others on the property. These policies are designed to protect the homeowner's investment in their historic home, and to help preserve the home's unique character and historical significance.
Even if you don’t own a house, High Value and Historic Homes Insurance can still be right for you as it can be applied to rental homes and high value condominiums.
A historic home insurance policy typically includes coverage for the following:
Structure of the home: This coverage protects the physical structure of the home, including any special features, fixtures, and decorative elements.
Contents of the home: This coverage protects personal belongings and other items within the home, such as furniture, artwork, and antiques.
Loss of use: This coverage provides reimbursement for temporary living expenses if the home is damaged and becomes uninhabitable.
Rebuilding and restoration costs: This coverage helps cover the cost of rebuilding or restoring the home to its original condition if it is damaged or destroyed.
Liability protection: This coverage protects the homeowner from financial losses in the event of injury to others on the property or damage to someone else's property.
Historical accuracy: This coverage helps pay for any required repairs or upgrades to maintain the historical accuracy of the home.
Earthquake and flood coverage: This coverage provides protection against damage from natural disasters, such as earthquakes or floods. These types of coverage are often optional and may require additional premium.
It's important to note that coverage options can vary by insurance company and policy, so it's important to carefully review the coverage options and ensure that they meet the specific needs of the historic home and its owners.
Your historic home is anything but ordinary, so why settle for an ordinary insurance plan? Contact Pearson Wallace today to get specialized coverage for your historic and high value property. Our premiums are extremely comprehensive, so contact one of our agents today to see if your home qualifies for High Value or Historic Homes insurance!