There is nothing ordinary about a high value home, or the individuals that own them.
Special care must be taken during the construction, maintenance, and sale of ultra custom and luxury quality dwellings. Insuring these homes is no different, and a “standard market” homeowner policy is simply not enough.
Because luxury homes include higher-end materials and workmanship, they require custom policies that include additional benefits.
For example, some home policies include complimentary home appraisal services.
Some High value home carriers provide complimentary home appraisals to calculate the replacement cost of the home before a loss occurs. While not necessary for homes with standard construction, this approach greatly improves the accuracy in which coverage is provided for luxury homes, and can decrease the time it takes the carrier to pay out a claim after a total loss.