The term High Value home is relative and can mean different things to different people.
From the standpoint of insurance companies – it generally describes homes with a replacement value of $1 million dollars or more.
Because these homes often include higher-end materials and workmanship, luxury homes require custom policies that include additional benefits.
For example, some home insurance policies can include complimentary wildfire defense services. A good portion of Santa Barbara lies within a wildfire prone area, so wildfire defense services can be extremely valuable.
What are wildfire defense services? A wildfire defense team can visit the property, assuming resources are available, and help to protect the home by spraying the property with a fire retardant foam. Their goal is to increase the odds that the home survives an impending wildfire incident.
