Luxury Homeowners Insurance in Buffalo

As your largest investment, it's important to make sure your home has the proper insurance coverage. We'll protect your home and everything in it for the very best protection money can buy!

What is Luxury Homeowners Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO7), is a type of property insurance that covers a luxury, private residence. 

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

Typical Homeowners Insurance Coverages

Section I — Property Coverages
  • Coverage A – Dwelling
    Covers the value of the dwelling itself (not including the land). Typically, a Replacement Cost coverage is needed for an upscale or luxury home. With ornamental details, premium materials and magnificent kitchens, you need the very best coverage for your luxury home.
  • Coverage B – Other Structures
    Covers other structure around the property that are not used for business, except as a private garage, pool room or art studio. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.
  • Coverage C – Personal Property
    Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. 
  • Coverage D – Loss of Use/Additional Living Expenses
    Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space not services provided such as utilities.
  • Additional Coverages
    Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.
  • Exclusions
    In an upscale, luxury homeowner's policy, specific exclusions are few but will be spelled out in the policy. Higher limits of insurance are generally include for water damage, power failure, service line coverage, sewer back-up expenses, landscape expenses. These are spelled out in your upscale homeowner policy.
  • Floods
    Flood damage is typically excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers. 
Section II — Liability Coverages
  • Coverage E – Personal Liability
    Covers damages which the insured is legally liable for and provides a legal defense at the insurer's own expense. About a third of the losses for this coverage are from dog bites.

    Contact us to learn more about the right homeowners insurance for you.
(716) 684-3203​
8665 Sheridan Dr
Williamsville, NY 14221​
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Williamsville, East Amherst, Clarence, Getzville, Clarence Center, Buffalo, Snyder