What’s The Difference Between High Value & Standard House Insurance?

what's the difference between high value and standard home insurance Harbord Insurance

Not all homes are built equally. Not all people need the same level of insurance coverage.

At Harbord Insurance, we understand that some of our clients may need higher insurance coverage, which is why we provide multiple options for High Value Home insurance policies. These options and our expert staff ensure you have the best range for your needs.

Our High Value Home department specializes in homes with a rebuilding value of $750,000 and higher. The policies they can provide include the standard coverages available on a home policy but can also include specific coverages tailored to the High-Value market.

What does a High Value policy typically include?

Liability Coverage

While most policies limit liability coverage to a maximum of $2,000,000, a High Value policy will often provide a minimum of $5,000,000 of liability coverage.

No ‘Same Site’ Restriction

Most policies require that the client must rebuild their home on the same property when there is a claim where the entire house is destroyed. Some High Value policies allow you to choose where to rebuild.

Cash Payout on the Home

On a standard insurance policy, you must rebuild the same home (in the same place) as you had before the claim happened. With some of our High Value Home policies, we offer you the option to receive a cash payout instead of requiring you to rebuild. This can be an excellent option for clients looking to downsize from a family home; you could use some cash to buy a smaller house or condo and use the money left over however else you want. The point is that the choice would be yours.


Most insurance policies limit how much jewelry is covered under a policy. High Value policies increase that limit substantially, meaning that most of our High Value clients no longer need to worry about providing us with up-to-date appraisals and don’t need to pay anything extra for their jewelry to be sufficiently covered.

Jewelry Harbord Insurance

Cash Payout of Contents

If you were to make a claim on your contents on a standard home policy, you would be required to replace all of your contents to get the total payout from the insurance company. Our High Value options can allow you to choose a cash settlement for the full value of your contents, even if you choose not to replace them.

Contact Us

High Value policies include many other coverages and options, and our insurance experts can find a policy tailored to your specific needs. If you want to learn more about these options, please get in touch with us at 250-388-5533.

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