Luxury Home Insurance

Civil liability insurance protects you in the event of unintentional damage caused to other people or their property. It is essential coverage that protects you in the event of civil lawsuits. It covers all family members living under your roof and even extends beyond the walls of your home.

For owners of luxury homes, it is important to have the right amount of civil liability insurance to protect your financial assets in the event of unforeseen accidents. We also strongly recommend that our clients take out umbrella insurance, especially if you own property elsewhere in Canada or the United States. This not only significantly increases your liability limit, but also extends coverage to certain exclusions that are not included in standard insurance. In addition, your umbrella insurance extends to vehicles, boats, yachts, etc. It follows you wherever you are in the world!

A specialized insurance policy for luxury homes gives you access to coverage and services designed to protect high-value assets. What’s more, this type of insurance protects your property and your lifestyle.

This may include, among other things:

• Professional assessment at the insurer’s expense
• The guaranteed replacement cost of the building
• Freedom of choice in the event of a claim: cash settlement with no obligation to rebuild or replace your property
• Higher coverage limits for protection that is better suited to the value of your property
• Extended coverage offering superior protection for your property’s outbuildings
• Deductible management: waiver of deductible for claims over $50,000
• Priority treatment in the event of a claim

Coverage may vary from one insurer to another. It is important to check with your broker to confirm what is included in your contract.

Unlike standard insurance, several insurers offer complete restoration of your home in a Prestige contract. Whether for movable or immovable property, in the event of a claim, the insurer covers the entire assembly to which the damaged property belongs.

For example, in the case of a damaged roof, the insurer will replace the entire roof and not just the affected part if there is a difference in uniformity.

A Prestige insurance policy also takes into account the value or rarity of your personal property and offers you real expertise to ensure that it is properly covered.

Cyber protection and protection against criminal acts are two different endorsements that can be added to your policy. These additional protections are particularly suited to customers with high-value assets. They cover cyber fraud, cyber extortion, child abduction, ransom demands, identity theft, etc.

These guarantees cover not only material damage, but also psychological support following trauma.