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What’s high-value home insurance?

High-value home insurance is a type of homeowners policy for luxury homes that have custom or unique features. Like a standard homeowners policy, it covers the dwelling and other structures like pools, fences and sheds.

It also offers additional protection for personal items like your fine jewelry that may get lost, misplaced or stolen. The USAA Insurance Agency can help you select the best option.


Why you may need it

If your home or condo has a purchase price or current coverage amount of $1.5 million or more, you may need coverage beyond standard homeowners insurance.

Features to help protect your luxury home

Depending on the insurance carrier and location of your home, high-value home insurance typically includes these standard features.‍ ‍ See note 1

Cash Payout

With the cash-out option, you don’t have to rebuild your home after a total loss. You can decide to take a full payout of your insurance policy.

Guaranteed Rebuild

Many policies offer guaranteed replacement cost. This pays to rebuild your home, even if the cost is more than the limit on your policy.

Large Loss Deductible Waiver

This waives a homeowner's deductible if there's a large loss, commonly over $50,000. This doesn't apply to special deductibles like hurricane or earthquake.

Optional features to help offer more protection

Risk Consulting

This includes services like wildfire mitigation to help homeowners lower the risk of having a loss at their home.

Home Systems Protection

This adds coverage for losses caused by mechanical and electrical breakdowns. The homeowner only pays the deductible.

Kidnapping, Ransom and Extortion

This helps cover expenses associated with kidnapping, extortion and crisis management.

Why get a policy through the USAA Insurance Agency?

Exceptional Service

Experience concierge service from the USAA Insurance Agency Private Member Group.

Product Availability

To help protect what matters most to you, gain access to even more from the USAA Insurance Agency.

Military Support

Know that your policy helps us support the military community through charitable contributions and special events.

High-net-worth insurance specialists

Get personalized service and insurance solutions created for your lifestyle through the USAA Insurance Agency Private Member Group.


They can help with boat or yacht insurance, collectibles insurance, umbrella insurance and more.


Our account managers have the experience to manage your unique risk portfolio and guide you through the insurance process.

High-value home insurance FAQ

Our account managers can help you determine your estimated rebuild cost. Choose a limit that's enough to cover the estimated cost to rebuild your home.

Keep in mind, the dwelling coverage amount isn't based on the market value of your home.

Replacement cost is the amount it takes to rebuild your home. The purchase cost, or market value, is how much buyers are willing to pay for your house.

You should insure your home for the estimated cost to rebuild, not what someone would pay to buy it.

The cost of homeowners insurance is different for everyone and depends on many things.

 

Your selected coverage options, limits and deductible all affect your premium. Where you live, your claims history and applied discounts can also impact how much you pay.

You’ll likely need a separate insurance policy for a second home or vacation home. It’s typically more expensive to insure an additional home than a primary home, since the additional home may be unoccupied for long periods.


The cost could increase if your second home is in an area with a high risk for dangerous weather events.