Skip to content

Insurers of luxury residences

iStock-2223376026

INSURANCE FOR HIGH-VALUE RESIDENCES: PROTECT YOUR ASSETS AS YOU SHOULD

Did you know that there are specialized insurers for luxury and high-value homes?

These types of properties require special coverage, often unavailable from standard insurers.

WHAT IS A HIGH-VALUE RESIDENCE?

A high-value residence is generally defined as :

  • A house whose cost of reconstruction is at least $1,000,000
  • A co-ownership with movable movable valued at over $500,000

In such cases, specialized home insurance becomes essential.

WHAT ARE THE ADVANTAGES OF TOP-OF-THE-RANGE INSURERS?

Luxury home insurers offer coverage and services tailored to this particular segment, including:

  • Cash payment without obligation to rebuild
  • Professional assessment paid for by the insurer
  • Guaranteed reconstruction cost
  • Pairs and sets” clause
  • Settlement clause for zoning non-compliance
  • Higher limits for jewelry, wine cellars, professional goods, etc.
  • Special insurance for valuables (works of art, jewelry, collections)
  • Equipment protection (broken heating, air conditioning, etc.)
  • Fast service and specialized claims expertise

These advantages demonstrate the difference between top-of-the-range insurance and a standard contract.

WHY CHOOSE SPECIALIZED INSURANCE FOR LUXURY HOMES?

It’s true that these coverages generally cost more than regular home insurance, but they offer :

  • Comprehensive coverage tailored to individual needs
  • A smoother claims process
  • Unrivalled peace of mind

At Langelier Assurances, our luxury home insurance brokers will guide you in selecting a specialized insurer who understands the realities of high-end property owners.