Liability Coverage
High Limits for High Value Home Insurance
As a high-value homeowner, financial institution, advisor, trust, or estate planner, you understand the importance of protecting your home or your clients’ substantial assets against potential legal claims and lawsuits.
At High Value Home Insurance Group, we offer comprehensive liability coverage tailored to the unique needs of high-value homeowners, providing peace of mind and financial security in the face of unexpected liabilities.
For high-value homeowners, the stakes are higher than average, as their significant wealth and public profile can make them more vulnerable to costly legal actions.
Our high-value homeowner policies include substantial personal liability coverage limits.
These limits help pay for legal defense costs, and damages awarded to a third party if the homeowner is found legally responsible for bodily injury or property damage.
We understand that high-value homeowners face greater risk exposure due to their substantial assets and public profile.
Our personal liability coverage extends to incidents that occur both on and off the dwelling coverage property, providing broad protection for the homeowner and their family members.
This coverage applies to a wide range of scenarios, such as accidents on the homeowner’s property, unintentional acts causing harm to others, or even liability arising from the actions of domestic employees.
We provide generous medical payments coverage limits, ranging from $10,000 to $50,000 or more, to help pay for medical expenses incurred by guests who are injured on the homeowner’s property, regardless of fault.
This coverage is designed to quickly address the immediate medical needs of injured guests, covering expenses such as ambulance rides, emergency room visits, x-rays, and other necessary medical treatments, while helping to prevent small claims from escalating into larger lawsuits.
Our medical payments coverage may also extend to incidents involving domestic employees, such as housekeepers or gardeners, who are injured while working on the homeowner’s property.
Our high-value homeowner policies offer expanded personal injury coverage, protecting against claims related to non-physical injuries, such as libel, slander, false arrest, and invasion of privacy.
This coverage is particularly relevant for high-value homeowners who may be more vulnerable to these types of claims due to their wealth, public profile, or professional activities.
It helps pay for legal defense costs and damages awarded in cases such as defamation lawsuits.
We work closely with high-value homeowners to assess their unique personal injury risks and tailor coverage options accordingly, including higher coverage limits, expanded definitions of covered claims, or specialized endorsements for specific professions or activities.
We strongly recommend that high-value homeowners purchase an umbrella liability policy, which provides an additional layer of protection above and beyond the limits of their primary liability coverage.
Our umbrella policies offer liability limits in the millions of dollars, helping to safeguard the homeowner’s wealth and future earnings against catastrophic liability claims.
This coverage kicks in when the limits of the underlying personal liability coverage have been exhausted.
Umbrella coverage is essential for high-value homeowners because the potential damages in liability lawsuits can quickly exceed the limits of even high-limit primary policies.
It provides peace of mind knowing that the homeowner’s assets are well-protected.
For homeowners with significant assets to protect, we offer excess liability coverage that can provide additional limits above and beyond those of the umbrella policy.
Excess liability coverage is designed for high-net-worth individuals who require the highest levels of protection, with limits that can extend into the tens of millions of dollars or more.
This coverage is typically structured in a tower of multiple excess policies, each providing an additional layer of protection once the limits of the underlying policy have been exhausted.
This approach ensures that the homeowner’s assets are protected against even the most severe liability claims.
We understand that every high-value homeowner has unique liability exposures based on their lifestyle, profession, and personal circumstances.
That’s why we work closely with each client to identify and address their specific risks.
Our customized coverage options may include specialized endorsements for high-profile professions, such as directors and officers liability coverage for executives or professional liability coverage for physicians and attorneys.
We can also provide tailored coverage solutions for unique property features, such as swimming pools, trampolines, or equestrian facilities, which may require specific liability protections.
Our team of experienced underwriters and risk management professionals will work with you to craft a comprehensive liability insurance program that meets your clients’ individual needs and provides optimal protection for their assets.
