Luxury Home Insurance
Above and beyond for high-value home insurance.
Our dedicated advisors work with the best high-value home insurance providers to offer you first-class coverage that goes further than your typical home insurance policy.
Your guide to luxury home insurance.
As a luxury homeowner, you’ve invested a lot into your property and it’s important to have high-quality insurance to protect it. A standard home insurance policy won’t provide sufficient coverage and could leave you with gaps.
Here’s how high-value home insurance policies are customized to cater to the needs and lifestyles of high-net-worth property owners:
- Higher liability limits
- Higher deductible limits
- Ability to insure higher valued dwellings
- Addition of valuable collections onto homeowner policies
- Coverage for expensive equipment within the home
- Additional enhanced coverages and benefits
A member of the Signature by Acera (link to Signature by Acera page) team is your dedicated guide and resource to finding you the best coverage for your home.
Coverage across Canada.
Get luxury home insurance by phone or in person at your nearest location.
Common luxury home coverages.
Our team provides many different insurance coverages for your high-value, heritage, luxury and specialty properties.
Liability
This gives you protection against someone getting injured or if their personal property is damaged while visiting your home or as a result of your unintentional actions.
Property Damage
This covers the costs of rebuilding your home. There’s additional coverage for more flexibility with how your home is rebuilt, protecting your home from additional hazards, and covering upgrades to meet existing bylaws.
Sewer Backup Coverage
This optional coverage add-on protects you from sewer backups, failed sump pumps, and related drainage issues.
High-Value Contents Coverage
This provides higher limits for specific items, such as jewellery or art, in the event of a claim to ensure your high-value items are properly protected.
Additional Living Expenses
This covers the extra expenses incurred when your home is deemed unlivable after a covered loss or if you are forced to evacuate from your home. No restrictions or limits so you can continue to maintain your existing lifestyle.
Partial Loss
In the event of only a part of your home is damaged, this ensures all materials are matched with the originals and could even replace undamaged materials, if needed, to ensure consistency.
Employment Practices Liability
This coverage is designed to protect you against accusations of discrimination or wrongful termination from in-home or domestic staff.
Umbrella Insurance
This ensures further protection for high-net-worth clients with several assets. Also referred to as personal excess liability, it extends your existing coverages after the liability limits of your main policy have been utilized.
Signature by Acera Insurance.
When you need more than your average insurance coverage for high-value assets, we can help. Learn more about our specialized coverage solutions.
Why choose Acera Insurance for luxury home coverage?
We create comprehensive insurance plans that are unique to you and your insurance needs in collaboration with top-tier high-value home insurance providers.
Unique Specialty Division
At Acera Insurance, our Signature team operates solely to provide innovative, top-quality insurance services for all our high-net-worth families, individuals and working professionals.
Attentive and Dedicated Service
We offer exceptionally high levels of customer service to ensure the unique needs of our high-net-worth clients are met and expectations are exceeded.
Complimentary Home Appraisals
Your advisor will work with your new insurer to arrange a complimentary home insurance appraisal. This is an important step to accurately document your property value, while also outlining key risk prevention measures.
Helpful tips from our advisors.
Our team is here to support you in making choices about your high-value assets.
Answering your most common questions.
What qualifies as a high-value home?
A high-value home is often defined as a home with a replacement cost value of $1 million or higher. This cost includes all the expenses required to rebuild the home – from exterior and interior structural elements to high-end, built-in appliances.
High-value properties may often be distinguished by having unique architectural details, custom-designed features and specialty home systems or equipment. Some insurers may only provide high-value home insurance to million-dollar properties.
How much does high-value home insurance cost?
The cost of high-value or luxury home insurance will depend on your individual policy. Here are some of the factors that influence premiums:
- Your insurance and claims history
- Your credit rating
- The year your home was built
- The age and type of systems (electrical, plumbing, heating, etc.) in your home
- The age and material of the roof
- The building materials used in your home
- Your proximity to risks such as rivers
- The distance from your home to the nearest fire hydrant and fire station
- The presence of security features such as cameras, lighting, and alarms
- The presence of damage mitigation devices such as a sump pump, backflow valve, water alarm, and smoke detector
- The frequency of natural disasters in your area
- The crime and claim rate of your area
- The cost of rebuilding your home (including local material and labour costs)
- The value of your home’s contents
- Your custom home insurance options, including coverages, policy limits, and the deductible
Is high-value home insurance more expensive than standard home insurance?
Yes, high-value home insurance policies are typically more expensive than standard home insurance policies. The cost to insure your home is generally based on the overall value of your home, in addition to the value of its contents. Unique homes and their contents are often worth far more than the average house.
As a VIP product, high-value home insurance is personalized, extensive and meant to protect a lifestyle.
How do I get a high-value home insurance quote?
Connect with one of our high-value home insurance specialists today to get started. At Acera Insurance, our dedicated advisors use their market connections and expertise to help you safeguard your home, valuables, and lifestyle.
We shop the insurance market for you and provide the best recommendations based on your specific needs. With our independence and global access, we can find competitive high-value home insurance quotes from a variety of upscale insurance providers around the world.
Do high-value home policies include replacement cost coverage?
Yes, generally many high-value home insurance policies include replacement costs automatically.
The main benefit of replacement cost coverage is that it compensates you with the amount required to replace your items with new items of the same kind and quality. Actual cash value takes into consider the depreciated value of your items, which means you may not be provided the funds required to purchase new versions.
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