No two homes are alike. An 1800’s farmhouse surrounded by 5 acres, lovingly restored. A downtown city loft, full of sunlight and steel. The shore house, its foundation buried in sand and shells. Whether it’s your home, your weekend get-away or your investment property, each house is unique and has different insurance requirements. Transitioning from homeowner to multi-home owner to landlord brings new insurance needs.
Insuring your home is more than protecting your property. It’s protecting your family. As your assets grow, so does your exposure for a lawsuit. Your homeowner’s policy provides the personal liability needed to protect your assets in the event of a personal lawsuit, the same way that your Professional Liability protects your assets from a malpractice lawsuit. Make sure that the amount of personal liability coverage on your homeowner’s policy is enough to protect all of your personal assets (including your home(s), investments, retirement accounts and savings accounts). For many professionals, the standard $500,000 liability limit is not enough. In a personal lawsuit, any damages awarded that are greater than the liability limit on your policy, become your personal responsibility.
Make sure that the amount of personal liability coverage on your homeowner’s policy is enough to protect all of your personal assets. Including your home(s), investments, retirement accounts and savings accounts.
For property owners with high value homes, we’ve selected to partner with insurance companies who specialize in protecting properties with unique features, additional assets, high quality furnishings and multiple locations. These companies offer the convenience of consolidating multiple properties and policies into one, simple portfolio. In some cases, we can even combine your auto, home, vacation home and umbrella policies into one easy to manage package.