Prestigious Home Insurance

For owners of prestigious or heritage homes and secondary/seasonal residences. Provides enhanced coverage in the event of loss or damage by an insured peril to your dwelling or contents. Also, provides Worldwide Liability coverage in the event of a law suit against you for damage or injury resulting from your negligence.

Qualifications

Must have an insurable interest in a dwelling with a $500,000 rebuild value, and be centrally monitored. You must also have a favourable claims history to qualify.

Required by law

Homeowners insurance is not required by law, however, if you have a mortgage on the dwelling your mortgagee will require you to have insurance on it.

Things that can be covered

Worldwide Liability provides coverage in the event someone sues you for loss or injuries they sustain due to your negligence anywhere in the world and can be extended to Directors and Officers of non-profit organizations. Guaranteed Replacement Cost for loss or damage caused by an insured peril to your building, contents or detached structures ensures you will receive the Full Replacement Cost whether you choose to rebuild or not, regardless of bylaws. Also, coverage is provided for Equipment and technology breakdown like your pool equipment, solar panels, home theatres, boilers and more. There are also enhanced coverage for collections like fine art and pair and set that you wouldn’t find on a regular homeowners comprehensive policy.

Premiums based on

Premiums are based on the dwelling/contents limit that is required, the type of package you wish to purchase, the location of your dwelling, fire protection available and your previous insurance history.