It is important to ensure that your insurance policy adequately covers your home and the valuables you own. If your home has architectural or historical significant or you own a collection that is valuable (jewellery, antiques, art, etc.) a standard insurance policy may not be enough to rebuild or replace what you own. Luxury or high value homes have special insurance needs that need to be taken into account to ensure the homes are appropriately insured in the event of damage or loss.

What is a high value home?

Generally a home is considered high value if one or more of the following apply:

• Rebuilding value of $500,000 or more

• Extensive collection of jewellery, fine art, or other collections

• Your home is custom built or architecturally unique

• Your home is designated as a heritage home

If you have any questions or concerns regarding the coverage on your home insurance policy you should contact your insurance broker.