It is estimated that over 40% of high-value homes in Colorado are underinsured.

  Often homeowners only hold enough insurance to cover their mortgage or the sale price of the home and not enough to rebuild the home in case of a total loss.  This custom rebuild does not include any custom work or speciality construction costs.   The high net worth or affluent consumer market is relatively small when considering homes in excess of $1 million and more than $1 million in investable assets. If this is you, consider if you live in a catastrophe-prone area of the United States.   Most standard homeowners policies don’t guarantee full repair or replacement in the event of a major loss. High-value home insurance typically covers these costs. If after a total loss, the insured doesn’t want to rebuild the home a standard policy would not pay out. In many high-value home policies give the equivalent of the replacement cost in cash.   These high-value home policies provide generous living expenses coverage. Most high-value home policies provide protection for back-up sewers and drain. They also provide generous basic coverage with options to customize for high limits, for valuable collections.   In metro areas, luxury condos are a popular choice among high net-worth individuals looking for a second or seasonal home. In many cases individuals may rent our or use these second homes for “vacation swaps” but your insurer needs to know if you are doing this.   Our commitment is to provide quality products while providing personal attention. This is where our expertise in this segment comes in.   Keeping you protected,   Rick   All Access Insurance in Littleton, CO,  who represents multiple insurance companies as a “Broker” and provides products for auto, home,  commercial, workers compensation, and much more!   Call us today for a free quote at (303) 932-1700