• Structural repair or replacement: While a standard home insurance policy may cover the cost to rebuild a home, if the actual rebuilding costs exceed the amount stated in the policy, the homeowner must pay the difference. You can choose to add guaranteed replacement cost coverage to a standard homeowners insurance policy to avoid this problem. With high-value home insurance, extended replacement costs or guaranteed replacement costs help cover the difference between the actual cost of rebuilding a home after a covered event and the policy’s limits. 

• Liability: A high-value policy may provide higher limits than a standard policy for loss assessments, medical payments, and personal liability. 

• Possessions: A high-value policy has higher limits for the home’s contents, such as art, jewelry, cash, antiques, and business items. High-value home insurance typically includes replacement value coverage for personal belongings. You may pay 10% more to insure your belongings with replacement value coverage instead of their actual cash value with a standard policy. 

• Additional living expenses after a claim: If you must move out of your home to allow for repairs after a covered event, you may receive coverage for living expenses that exceed the allowances included with a standard home insurance policy. The policy may help cover the cost of meals, luxury hotel stays, and laundry services, among other comforts. 

Talk With Your Agent About High-Value Home Insurance 
You may need a high-value insurance policy to help protect your financial interests in your home and possessions. Contact the agents at the Matt Roenker Insurance Agency to learn more about your options and get a personalized quote.