Homeowner’s Insurance

Types of Homeowner’s Insurance policies and All Risk Policy vs Dwelling Fire, HO-3, HO-5, and the Middle Market 

Below are a few items that make High Net Worth Homeowner’s policies so comprehensive:


  • Extended / Guaranteed Replacement – No limit during rebuild regardless of insured amount 
  • Cash Out Option – Policy Face Value available for Cash Out in event of Total Loss 
  • Rebuild To Code – No Sublimit
  • Additional Living Expense – No Sublimit
  • Backup of Sewer and Drain – No Sublimit 
  • Replacement Value on Contents – Included 

Replacement Cost vs Market Value

Your dwelling value will ultimately be set by an insurance company appraiser after policy issuance. In some cases a pre-inspection can be accommodated. Your Cross Private Client Insurance client consultant will estimate this value to what is a realistic replacement value that a company inspector should determine.


Dwelling replacement appraisals are just that…per a specific geographic region, what would it cost to rebuild a structure “exactly” how it exists in current dollars excluding the cost of land and “market value”. Real Estate market values can fluctuate from year to year, while construction costs maintain a steady cost structure. A particular coastal home could be worth $5M today and $8M next year given a strong real estate market, yet the dwelling replacement value would remain static regardless of this quick market fluctuation. Same physical structure, same cost to rebuild.

Fire Protection Credits

Closer proximity to a fire hydrant and a full-time fire department results in better fire protection. Many rural areas are installing “dry-hydrants” which draft water year round from a local water source.

How Much Coverage Does My Home Need?

It can be difficult to know where to start when it comes to protecting your home. You need more than a cookie cutter solution. We can provide creative solutions for a variety of situations. Contact your local office today for coverage options and premium comparisons.