Premium Extended Coverage for Homes Over $1M
Luxury homes are unique, and so are the risks they face. Our specialized luxury home insurance policies protect your property against a broad range of potential risks.
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We have access to 100+ leading carriers in Texas to find the best insurance for your high-value Texas home.
“Richey Insurance Agency works for you, not just one insurance agency!”
Owning a high-value home means needing more than just standard protection. A well-structured policy covers unique risks and offers financial safeguards that match the value of your investment.
What’s included?
Some risks are rare but can have serious consequences. A policy designed for luxury homes should account for more than just standard damages.
Risk Consulting: Helps assess vulnerabilities and recommend risk mitigation strategies.
Home Systems Protection: Covers repair or replacement costs for essential home systems.
Kidnapping, Ransom, and Extortion: Offers financial assistance and support for security threats.
Beyond insurance, proactive steps can help minimize potential risks.
Install a Security System – Advanced monitoring and access control can deter threats.
Reinforce Windows and Roof – Stronger materials offer better protection against storms and break-ins.
Keep an Inventory – Document valuable assets with photos, receipts, and appraisals.
Add Flood Coverage – Many standard policies don’t include protection against flood damage.
The right coverage amount should reflect the estimated cost to rebuild, not just the home’s market value. A detailed home appraisal can provide a precise figure.
Replacement cost refers to the expense of rebuilding the home with similar materials and craftsmanship. Purchase cost, or market value, includes factors like location and demand, which don’t impact rebuilding expenses.
Yes, additional properties often require standalone policies. Vacation homes and secondary residences typically have different risk factors, such as extended vacancies, that influence coverage needs.
Luxury home policies feature higher coverage limits, extended replacement cost benefits, and specialized protections for valuable assets like fine art, jewelry, and collectibles.
Prefer to talk to a representative? Our agents are more than happy to help you.
You are welcome to visit our office. We are open Monday - Friday (8 am - 5 pm)
