Here is the weekly insurance advice and update from Ryan White of Raymond Preston and Reed, LLC 

When you think of insurance, do you think “One Size” fits all?  I’m here to say, please don’t think that when it comes to your High Value Home clients.  High Value Home Insurance is not “One Size” fits all.  It’s for homes ranging in value anywhere from $500,000 to $10,000,000 +.  High Value Home Insurance provides higher limits for Jewelry, Furs, Watches, Collections, Firearms, etc.  In many cases, it provides “Blanket” coverage for the Dwelling, Other Structures, and Personal Property (contents).  The Blanket limit provides a much higher pay out in the event of a significant or total loss.  High Value Home Insurance can offer Guaranteed Replacement Cost, Unlimited Water & Sewer Drain Back Up, and Unlimited Loss of Use.  Companies that provide Specialty Programs for High Value Homes are being intentional by offering broader coverage and higher limits to provide the wealthy with what they need.

Bottom line:  There are companies that specialize in High Value Home Insurance, and there are companies that don’t.  The ones that do, offer superior coverage, have the risk management and loss prevention services that are critically important to the wealthy.  Please think of us as we represent companies that “DO” offer High Value Home Specialty Programs.

If you have any questions for me, please let me know. 

Ryan P. White

Managing Partner

Raymond Preston & Reed, LLC

6 Cadillac Drive - Suite 100

Brentwood, TN 37027

Phone: (615) 866-2728 | Fax: (615) 229-0292