Elevated protection for your high-value home
Your home may feature custom architecture, premium materials, advanced systems and valuable possessions that require more than standard coverage. Our experienced advisors can help protect your residence, belongings and lifestyle with insurance tailored to the way you live.
Coverage designed around your home
Key areas of luxury home insurance coverage
Luxury and high-value homes can have complex rebuilding requirements, distinctive features and collections that exceed the limits of a standard home policy. We can help arrange broader protection based on your property's construction, replacement cost, location, contents and risk profile.
Personal property
This provides protection for losses or damage to personal belongings in your rental unit like furniture, electronics, appliances, or clothing when there’s an incident such as a fire or theft.
Personal liability
Provides base protection under your home policy if you are held legally responsible for eligible bodily injury or property damage to others, including covered legal defence and settlement costs.
Sewer backup coverage
This optional coverage add-on protects you from sewer backups, failed sump pumps, and related drainage issues.
Dwelling and extended replacement cost
Helps repair or rebuild your home after an insured loss, with enhanced settlement options that may account for custom construction, premium materials, specialized trades, increased rebuilding costs and required bylaw upgrades.
Detached structures and landscaping
May cover eligible guest houses, pools, gates, outdoor kitchens, landscaping and other structures or features on your property, subject to policy limits and terms.
Personal belongings and collections
Provides higher limits for eligible furniture, clothing, electronics and other possessions. Jewellery, fine art, wine, watches and collectibles may need to be scheduled separately for broader protection.
Additional living expenses
This covers the extra expenses incurred when your home is deemed unlivable after a covered loss or if you are forced to evacuate from your home. No restrictions or limits so you can continue to maintain your existing lifestyle.
Partial loss
In the event of only a part of your home is damaged, this ensures all materials are matched with the originals and could even replace undamaged materials, if needed, to ensure consistency.
Identity theft and personal cyber protection
Depending on the insurer, optional protection may provide support and reimbursement for eligible identity theft, cyber fraud, data restoration and online security incidents.
Protection beyond the property
Additional coverage for a distinctive lifestyle
A tailored policy can extend beyond your primary residence and everyday belongings. Depending on your insurer and needs, optional coverage can help protect valuable collections, secondary residences and the broader personal risks associated with your lifestyle.
Fine art, jewellery and collectibles
Scheduled coverage may provide broader protection and agreed-value settlement for eligible high-value items, supported by current appraisals where required.
Secondary and seasonal residences
Coordinated coverage may be available for eligible cottages, vacation properties and other residences, helping provide consistent protection across your portfolio.
Excess personal liability
Provides higher limits above eligible home and auto policies once their liability limits are exhausted, helping protect against significant claims that exceed the base coverage.
The Navacord advantage
Expert guidance backed by national strength
We create comprehensive insurance plans that are unique to you and your insurance needs in collaboration with top-tier high-value home insurance providers.
Build a trusted relationship with a dedicated advisor who takes the time to understand your home, possessions, lifestyle and evolving insurance needs. We offer exceptionally high levels of customer service to ensure the unique needs of our HNW clients are met and expectations are exceeded.
Benefit from access to a broad network of insurers and specialized coverage options designed for luxury, custom-built and high-value homes. Our team operates solely to provide innovative, top-quality insurance services for all our high-net-worth families, individuals and working professionals.
Your advisor can work with your insurer to coordinate a home appraisal, where available. This important step helps establish an accurate rebuilding value, document distinctive property features and identify practical risk-prevention measures.
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From small businesses to large corporations, Navacord delivers tailored commercial insurance and expertise across Canada.
FAQs for luxury home insurance
Luxury home insurance, also called high-value home insurance, is designed for residences with higher rebuilding costs, custom features or valuable contents that may require broader coverage and higher limits than a standard policy.
- Custom-built or architect-designed residences
- Homes with premium finishes or specialized construction
- Heritage, waterfront or estate properties
- Residences with extensive smart-home systems or amenities
- Homes containing significant art, jewellery, wine or other collections
A high-value home is often defined as a home with a replacement cost value of $1 million or higher. This cost includes all the expenses required to rebuild the home – from exterior and interior structural elements to high-end, built-in appliances.
Eligibility and minimum dwelling values vary by insurer. Replacement cost, rather than market value alone, is an important consideration when determining the appropriate type and amount of coverage.
Luxury home insurance can offer higher limits, broader replacement cost protection, enhanced coverage for valuable possessions and access to specialized claims and risk-management services. Features vary by insurer and policy.
Coverage may include the dwelling, detached structures, personal belongings, additional living expenses and personal liability. Optional protection may also be available for water damage, service lines, equipment breakdown, cyber risks and scheduled valuables.
It may cover sudden and accidental water damage caused by an insured event. Sewer backup and overland water coverage may require separate endorsements, while damage from wear, poor maintenance or ongoing leaks may be excluded.
Yes, generally many high-value home insurance policies include replacement costs automatically.
The main benefit of replacement cost coverage is that it compensates you with the amount required to replace your items with new items of the same kind and quality. Actual cash value takes into consider the depreciated value of your items, which means you may not be provided the funds required to purchase new versions.
Luxury home insurance quote