Your home is a big investment, especially if it’s historic or custom-built. These types of homes often include expert craftsmanship, unique design details, and materials that aren’t always covered by standard homeowner’s policies. As such, it’s vitally important that the homeowner’s policy you choose ensures that your home will be rebuilt or restored to the same standards and finishes of the original.
Typical homeowner’s policies focus on the replacement cost of a home, which may not accurately account for distinctive finishes and artistic elements found in custom or historic homes. The policy needed to replace a home that may be nearly irreplaceable must account for the home’s actual cost to rebuild.
Your Cornerstone Private Client Advisor understands this difference and works with you to identify the coverage that will address the special requirements of your custom or historic home. Together, you will design a homeowner’s policy tailored to your specific needs.
The structure is not the only concern. What’s inside your home matters, too. Having an accurate accounting of your home’s contents will aid in the calculation of the overall value. If you own collectibles, fine art, or other expensive items, you may require supplemental coverage in addition to your homeowner’s policy.
Your homeowner’s insurance will also carry liability insurance, which protects you if damage or injury occurs on your property or if you are negligent elsewhere. Liability insurance protects you, your home, and your family from substantial loss in the event you are sued.
You may not spend a lot of time in them, but it’s just as important to insure second/vacation homes. Your Cornerstone Private Client Advisor is well versed on the various options available depending to protect your home-away-from-home.
Protecting your investment properties is as simple as a phone call. Cornerstone offers investment property coverage for:
- Multiple Properties
- Single, duplexes, triplexes, and quads
- Older and lower-value homes
- Row Homes
- Vacation rental homes
- Short-term rentals (daily, weekly, monthly)