High Value Homes Insurance: Protecting what matters to you

Living and doing business in Beverly Hills, we are very familiar with High Value Homes and the insurance you require for your life long savings into your home. As an owner of a high value home, it is important that you have the right insurance in place for your property, contents and valuables.

Alongside everything you might traditionally expect from your home insurance policy, our relationships with specialist insurers mean we can provide a variety of enhanced benefits. These can include protection for all your possessions anywhere in the world and specialist cover for your valuable collections such as items of jewelry, fine art and antiques and even motor memorabilia.

Our team prides itself on offering a personal service to ensure you get the attention you deserve for your household insurance.

• Specialist cover for collections of fine art, antiques and jewelry
• Family annual travel insurance
• Cover for holiday homes  and investment property
• Home office equipment
• Employers' liability for domestic staff
• Public liability
• Outdoor items
• Worldwide cover for money and credit cards
• Cover for students possessions away from home

Kamali & Associates Insurance Services prides in High Value Home Insurance, Jewelry Insurance, Ring Insurance, Antique Insurance and Fine Art Insurance.


Chubb Masterpiece
Chubb have been established for over 115 years with the Chubb Masterpiece product that is synonymous with exceptional high value home insurance cover, and a claims service which is second to none.

Main Policy Covers
The contents cover is worldwide and 'All Risks'. All claims are settled on a 'new for old' basis, including clothing. There is no 'average' clause so no under-insurance penalties. Valuations are not required for any item under £25k (£50k for fine art insurance). If specified for fine art that is damaged, not only will Chubb repair the damage but also compensate for any loss in value as a result of the fine art insurance claim. Chubb can appraise your property providing peace of mind that you are adequately insured for both your buildings and contents.

Although taking into account security devices when rating a risk Chubb, unlike most insurers, will not insist on security and will not penalize you should the security not be operational at the time of a claim.

Optional Additional Covers
The policy can be extended to include comprehensive annual travel cover along with legal expenses. Both sections offer very generous cover limits in keeping with the Chubb policy.

Claims Philosophy
Chubb's policy on claims is simple. Contact is made within 24 hours of receiving claim details. As soon as settlement has been agreed, a check will be issued within 48 hours. Over 98% of policyholders surveyed rated Chubb's claim service as good or excellent. Unlike most insurers, items need not be replaced and Chubb will offer full cash replacement without deduction.

Simplicity of doing business
No proposal forms or claim forms
All matters processed via telephone, e-mail or fax
12 months interest free credit


High value home insurance lines cover the costs associated with insuring expensive homes. Every insurance company sets different qualification limits for "high value home insurance," depending on the location. Policies typically start at $500,000. If a home is significantly over-valued, in comparison to it's neighborhood, high value home insurance is typically required. Overvalued homes are costly to maintain and insure.

Bundle Your Policies

One of the simplest ways to save on insurance is to buy multiple policies with one company. High value homeowners usually have expensive auto insurance and may have water crafts or recreational vehicles. Insuring all of these items with the same company can mean unique discounts. You will also receive discounts on your home insurance each time you renew with the same company.

Self-Insure Specific Lines

Some specific high value lines carry high premiums, but very low risk. For example, the cost to insure an expensive tile roof on a Spanish-style mansion may be expensive. However, if the home is brand new and was constructed with the highest possible standards, the claim can be low. Newer, more expensive homes have less incidence of damage due to storms or wind. Consider self-insuring this type of risk. You may also self-insure risks to items you can afford to replace outright. For example, if you have a fountain in your front yard assessed at $6,000, you can probably afford to cover the cost to replace the entire water feature yourself. Try to keep items you can pay for, off your insurance policy to reduce the expense.

Insurance A La Carte

New homes have unique risks, and high value home insurance often falls short. It is expensive to cover theft in a high value home, for example, because the items in these homes are typically more valuable. Security systems or gated communities can significantly reduce risks and insurance companies take special features into consideration, but often, not enough consideration is given. Purchase low coverage for theft and a higher coverage for liability. Liability is often much higher in expensive homes. Select your policy carefully to reduce your cost.

Form a Legal Structure

If you own multiple properties, you can consider using a LLC, limited liability corporation, or LP, limited partnership, to own the assets. LLCs and LPs are legal structures that absolve risk. Purchasing a property under a legal corporation can protect you from liability and lower your insurance costs. Additionally, you can add family members and include their homes into the corporation and reduce your cost of insurance. These types of formations are used by property developers as a means of reducing risk.


Platinum Protection is a comprehensive insurance program providing a full line of coverage options for today’s affluent homeowner in all 50 states. With products ranging from personal umbrella to coastal wind, we have the markets to insure most hard to place risks. We specialize in: celebrities, coastal property investors, residential builder’s risk, and insured with claim history. Our goal is to be your first and best choice for products and services we offer. Given the opportunity, we’ll earn your confidence.

Products:
High Value Homeowners ($500,000 to $20,000,000)

• HO3

-Primary, Secondary
-Named Insured LLC or Inc. acceptable

• HO6 ($100,000 and up)

-Secondary Residence
-Investor owned weekly rental

• DP3

- Investor owned weekly rental homes
- Property Managers


4 Builders Risk ($500,000 and up)

• Written in the name of the contractor or home owner we can provide coverage
for ground up projects as well as projects being non-renewed from standard
carriers after two years.