Insuring a home for its replacement value is essential to protecting your investment. It is also important to have coverage for perils specific to the location of a home. For example, flood insurance is not a covered peril under a basic homeowners policy. Expensive possessions, such as classic cars and antique jewelry, usually require riders to a basic homeowners policy for adequate coverage. One way to provide adequate coverage for your home and possessions is to purchase a high value house insurance policy.

Most basic homeowners policies cap out between limits of $300,000 to $500,000. If the value your investment and possessions are greater than these figures, it is wise to purchase a high value home insurance policy. There are many insurance companies that offer comprehensive policies for homes valued above $500,000. With a high value insurance policy, the insurance company will pay for additional overages. If the cost of materials and labor is more than the coverage limit, additional coverage is offered. Extensive flood coverage is also a perk under a high value insurance policy. Sewer back-up and drain back-up are often covered. With the wide array of covered perils and higher limits, you can tailor this type of policy to meet your specific needs.

For more coverage, some people opt for an umbrella policy. While an umbrella policy provides additional coverage to a standard homeowners policy, most will lack the inclusions and provisions to adequately cover a high value home. The best choice for comprehensive coverage is a high value insurance policy.