Insurance That Reaches Past Normal Limits

High-Value Homeowners

If you haven’t looked into the difference between high-value homeowners insurance and traditional policies, you’re missing out on important information about extra protection for the property that is most likely your biggest asset. Today’s homeowner’s policies are designed to suit the average single-family home, but one of the joys of upward mobility is enjoying the fruits of your labor. That means for more and more people, the dream house is about more than just four bedrooms and a half-acre. If you’ve recently invested in a property with unique architecture, advanced technological features and creature comforts, or an expansive garden, you’re probably one of the people who could stand to get a quote on this specialized policy.

What Goes Into a High-Value Home Policy?

As the writers at www.mavon.com explain, high-value policies come with features that are designed to ensure you can fully restore your home to its original beauty and value, even if there are features whose replacement expenses exceed the basic coverage in the policy. Other features you will likely see in a quote include:

  • Coverage for sewage and drain problems
  • Accommodations covered if you need a place to stay while repairs are effected
  • Cash settlement options if you choose not to rebuild
  • Jewelry protection with additional limits

Learn more about what you can do to cover your high value home today.

How Course of Construction Insurance Protects Your Projects

SB One Insurance

If you are looking for insurance for a construction project, you should consider the benefits of a course of the construction plan. These insurance plans are also called builders’ risk insurance policies, and they are a smart way to protect the various aspects of your construction site in cases of unforeseen circumstances that would require replacement of materials or redoing work that had previously been completed.

What Does the Course of Construction Insurance Cover?

A course of construction insurance policies is meant to protect your company from losses at a project site. This usually occurs through reimbursement for property damages and losses. According to SB One Insurance, you can often customize your course of construction insurance policy to serve the specific needs and concerns of a particular project, and in some cases, multiple projects, but a standard policy covers the most common incidents on construction sites. A few situations that are normally included are vandalism, theft, explosions, and fires. Examples of optional additions for your course of construction plan are coverage of soft costs and losses due to legal changes or flooding. A quality insurance company will also have options for testing coverage so you are not responsible for malfunctions of machinery you don’t build but must install.

Every building project will be well served by a trustworthy cost of the construction insurance policy. With the right insurance provider, you can focus on completing your assignment without worrying about potential disasters and their costs.