Three Factors You Should Consider When Selecting a High Valued Home Insurance Plan

High Valued Home Insurance
High Valued Home Insurance

If you are looking for a High Valued Home Insurance plan, you may be wondering what assets should be included or what programs are available for high net worth individuals. Fortunately, here are three factors you should consider when selecting your home insurance plan.

 

1. Increased Liability Limits

 

You may have found that most traditional homeowners’ insurance plans cannot adequately cover your home and surrounding assets. Fortunately, insurance companies that specialize in private services typically offer increased liability limits for your home and automobiles. These increased limits can ease your mind that you are adequately protected from loss.

 

2. Employment Practices Liability Insurance (EPLI)

 

In addition to your High Valued Home Insurance plan, you should consider purchasing employment practices liability insurance if you currently employ a nanny, housekeeper, driver or any other type of domestic staff. This type of insurance will protect you from lawsuits including allegations of sexual harassment, wrongful termination, etc. You may also want to consider having workers compensation in case any of your staff becomes injured on the job.

 

3. Crisis Response

 

When shopping for insurance, you may also want to ask if the insurance agency has resources to help with crisis response and control of any losses you may incur. This includes services such as security, replacement of locks and more.

 

Remember to consider these three factors when looking for High Valued Home Insurance. By shopping around and finding the best insurance agency to meet your needs, you can rest assured your home and assets are protected.

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