High Valued Homes

Designed for homes valued between $500,000 & $5,000,000.

What qualifies:

 Designed for homes valued at between $500,000 & $5,000,000. This program will respond to brokers needs where their normal domestic market's appetites for higher valued homes ends. Many domestic insurers prefer not to write homes valued in excess of $500,000, while some markets will go as high as $1,000,000, this however can cause a drastic increase in rates. Brokers are often unable to place insurance on higher valued risks, without a large premium increase.The Guardian Risk Managers Program is here to fill that void.

This is not a market for "distressed" business or "special risk" type accounts. This is a competitively priced product, with exceptional wordings.  

To obtain a quotation, download our quick quote form and either email or fax it to the underwriter.

 To download this form in Word format, click HERE

To download this form in PDF format, click HERE

To Bind, we will need:

1. Fully completed CSIO application, with details on all owners on title, occupations, dwelling details, updates and coverages requested.
2. Accurately completed RCT or equivalent.
3. Detailed loss history where applicable.

Limits of Coverage	Amount
Dwelling Amount	100% + GRC to a max of $5,000,000.
Detached Structures	10% of dwelling amount
Contents	80% of dwelling amount
Additional Living Expenses	20% or dwelling amount
Liability	$5,000,000
Minimum Deductible	$1,000

 

 

 

 

 

Special Limits of Coverage	Coverage Amount
Identity Theft Coverage	$25,000
Jewelry Limit (with options to increase)	$10,000
Money, banknotes & bullion	$1,500
Securities	$7,500
Manuscripts	$5,000
Watercraft & equipment (restrictions apply)	$5,000
Animals, birds or fish	$2,000
Coin Collections	$5,000
Stamp Collections	$5,000
Fur Garments or trimmed	$7,500
Business Property while on  premises	$25,000

Discounts to a maximum of 50%	Discount Percentage
Mature Discount: + 50 & + 60	15% - 20%
New Home:  0 - 10yrs or 11-14yrs	15% - 20%
Claims Free Discount: 3 - 4 years	10%
Claims Free Discount:  5  - 9 years	15%
Claims Free Discount: 10+ years	20%
Mortgage Free Discount:	15%
Alarm Discount:  Local	5%
Alarm Discount: Monitored	15%
Increased Deductible: $2,000 - $5,000	5% - 20%
Reduced Contents:  70% - 40%	5% - 20%

 

 

 

 

 

 

 

 Please note

: A completed CSIO application,  RCT (or equivalent) as well as recent photos (Table 3 risks, or that are requested by the underwriter), must  be received prior to binding.

Risks of this type are subject to flexibility in rating based on location, fire protection, and local crime statistics.

Surcharges apply to log homes, multi-family dwellings and homes with wood burning units.

For our contact information click on the Team Contact bar.