High Value Home Insurance
Premium, tailored coverage designed specifically for the unique needs of luxury properties and high-net-worth individuals.
What Is High Value Home Insurance?
High value home insurance is designed for homes that may need broader coverage or higher limits than a standard home insurance policy provides.
This can include luxury homes, custom built homes, properties with premium finishes and homes containing valuable belongings such as jewellery, fine art, wine collections or other high value items.
One of the most important considerations is the cost to rebuild your home. This is different from its market value or the price you paid for it. Custom construction, premium materials, specialized finishes and changing construction costs can make a home significantly more expensive to rebuild.
High value home insurance allows these factors to be considered when determining the coverage that is right for your property.
Rebuild Cost Is Different From Market Value
The cost to rebuild a custom or high value home reflects its materials, finishes and unique features. This is separate from what the property would sell for or what you paid for it.
Coverage depends on the policy and insurer. A Cascade Insurance advisor can help you understand what is appropriate for your property.
How Is High Value Home Insurance Different From Regular Home Insurance?
Standard home insurance is designed to meet the needs of many homeowners. A high value home can have different risks, rebuilding costs and coverage requirements.
Depending on the policy and insurer, high value home insurance may provide higher limits or additional coverage for your home, belongings and personal liability.
This may include:
Replacement Cost Protection
Coverage designed to better reflect the cost of rebuilding a custom or high value home, including its materials, finishes and unique features.
Fine Art, Jewellery and Collections
Additional protection may be available for valuable belongings that can exceed the limits provided by a standard home insurance policy.
Cash Settlement Options
Some policies may provide the option of receiving a cash settlement following a covered loss rather than rebuilding the home.
Equipment Breakdown
Coverage may be available for eligible home systems, appliances and equipment, including technology commonly found in modern high value homes.
Higher Liability Limits
Higher liability limits may be available for homeowners who need additional protection for their property, assets and personal circumstances.
Risk Management Services
Some high value insurance options may include additional services designed to identify risks and help prevent losses before they happen.
Coverage That Reflects Your Home
Every high value home is different.
A custom built home may have specialized materials and finishes. Another property may include valuable art, jewellery or collections. Others may have advanced home systems, additional structures or unique features that require additional consideration.
The right insurance should reflect the property you actually own and what it could cost to repair or rebuild.
Cascade Insurance can help you review your current coverage, understand your options and determine what protection is appropriate for your home.
Not Sure If You Need High Value Home Insurance?
You do not need to determine that on your own.
If you own a luxury home, custom built property or a home with valuable belongings and are unsure whether standard home insurance provides enough protection, speak with a Cascade Insurance advisor.
We can review your needs, explain your coverage options and help you find insurance suited to your home.
Why Choose Cascade Insurance?
With over 40 years of experience serving BC residents, Cascade Insurance provides local advice and personalized service to help clients understand their insurance options.
40+ Years of Local Experience
Cascade Insurance has served BC communities for over 40 years, building trusted relationships with local homeowners.
Personalized Service From Advisors
Speak with experienced insurance advisors who take the time to understand your property, belongings and circumstances.
Clear Coverage Guidance
We help you understand your coverage options in plain language so you can make informed decisions about your home.
Coverage Based on Individual Needs
Your coverage should reflect your home, your belongings and your personal situation rather than a one-size-fits-all approach.
PROVIDING INSURANCE ACROSS BC
Our Locations To Serve You Better
Burnaby is a virtual service location and does not have a physical walk-in office.
Protect Your High Value Home With Coverage That Fits
Every high value home is different. A Cascade Insurance advisor can help you review your property, belongings and coverage needs and explain the options available for your situation.