Spire | High Value Program


Tailored Coverages
and Risk Management
Programs Designed
for Peace of Mind

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  • Overview

    Our high value home programs provide the flexibility in coverage options you want, backed by the financial strength of an A.M. Best A- Rated insurance company. Tower Hill has been protecting homes since 1972 and provides customers with exceptional products, outstanding service, and, most importantly, peace of mind.

  • Customer Care

    Tower Hill is committed to providing exceptional service to our High Value Home policyholders with a Customer Care Team dedicated exclusively to the program’s customers. Customer Care Representatives are available to assist with routine billing or policy questions, as well as claims handling and status inquiries.

  • Risk Management

    Interior and exterior inspections are conducted on all homes. Specific recommendations based on the home inspection will be provided to customers. Also, Tower Hill will offer loss prevention tips and additional resources to help assist in the ongoing care for the home. Recommendations for vendors specializing in necessary services are also available.

Q&A: Tower Hill’s High Value Home Program

Shaun Murphy, Pablo Beach Insurance Group

What type of home typically qualifies for Tower Hill’s High Value Home Program? What can a high net worth client expect from Tower Hill? Pablo Beach Insurance Group’s Shaun Murphy answers some common questions about Tower Hill’s High Value Homeowners policies.

Rebuild Costs vs. Market Value

Jason Sullivan, Foundation Insurance of Florida

Today, more than ever, having a licensed insurance professional help to simplify the complexity of buying homeowners coverage is critically important. As we rebuild in the aftermath of Hurricane Irma, customers often want to understand exactly how insurance carriers determine the rebuild cost of a home.

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Q&A: Tower Hill’s High Value Home Market

Shaun Murphy, Pablo Beach Insurance Group

  • What typically is considered or can qualify for Tower Hill’s High Value Home program?
  • What are some of the basics of the coverage package and special considerations?
  • What can the High Value client expect from the claims experience with Tower Hill?
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Spire | High Value Program

With its climate and expansive coastlines, Florida offers many advantages for residents, even for seasonal and secondary homeowners. However, there is often a gap between the coverages available in standard insurance policies and the options required for larger, more expensive homes. Tower Hill’s Spire and Prime Plus programs are designed to bridge that gap and provide a range of coverages to choose from, depending on your individual needs.

Home Protection

Key CoveragesTypical PolicyPrime PlusSpire
[tooltips keyword="Extended Replacement Cost" content="Pays up to a specified percentage over the policy limit in order to fully replace a damaged home."]25% Available by Endorsement25% Available by Endorsement20% Included; Limits up to 50% Available
Screened Enclosure Coverage$10,000 Included; Additional Buyback Available$10,000 Included; Up to $50,000 AvailableNo Limitation
Water Back Up and Sump Overflow
[tooltips keyword="AOP Deductible Waiver" content="Waives your deductible in the event of a large loss caused by perils other than a hurricane."]Not AvailableNot AvailableAvailable Deductibles Up to $25,000
[tooltips keyword="Debris Removal" content="Provides reimbursement for the cost of removing debris on your property resulting from a covered peril."]Included; Up to 5% Above Coverage A; Up to $500 for Removal of Felled TreesIncluded; Up to 5% Above Coverage A; Up to $500 for Removal of Felled TreesIncluded; Up to 10% Above Coverage A; Up to $1,000 for Removal of Felled Trees
[tooltips keyword="Landscaping" content="Covers costs to replace trees, shrubs, and plants lost to a covered peril."]5% of Coverage A ($500 per item)5% of Coverage A ($1,000 per item)5% of Coverage A ($2,500 per item)

Contents Protection

Key CoveragesTypical PolicyPrime PlusSpire
[tooltips keyword="Personal Property Coverage Perils (Coverage C)" content="Personal property includes household contents and other personal belongings used or owned by an insured."]Named Perils; option for Special availableNamed Perils; option for Special availableSpecial
Personal Property Replacement CostAvailableAvailableIncluded
Personal Property Special Limits
→Money, coins and medals$200$5,000$5,000
→Securities and stamps$1,000$5,000$5,000
→ Watercraft$1,000$5,000$5,000
→Trailers (not used with watercraft)$1,000$5,000$5,000
→Jewelry and Furs (theft loss)$1,000$5,000 ($1,000 per item)$5,000 ($1,000 per item)
→Firearms (theft loss)$2,000$5,000$5,000
→Silverware (theft loss)$2,500$5,000$5,000
→Grave Markers and MausoleumsNo Exclusion$5,000$10,000
→Crystal; China; Porcelains; Figurines; Statues; Sculptures; Mirrors; Wine Bottles; Glassware and Similar Items (losses caused by breakage are excluded, unless breakage is caused by one of the named perilsActual Cash ValueReplacement CostReplacement Cost
→Business Property on Premises / off Premises$2,500 / $250$10,000 / $1,000$10,000 / $1,000
Pair or SetNot AvailableReplacement Cost (payment can be made if the portion not lost is surrendered)Replacement Cost (payment can be made if the portion not lost is surrendered)
Blanket and Scheduled JewelryScheduled JewelryScheduled JewelryBlanket Jewelry or Scheduled Jewelry
Food Spoilage$500$1,000$2,500
Lock ReplacementNot Included$500$2,000

Financial Protection

Key CoveragesTypical PolicyPrime PlusSpire
[tooltips keyword="Personal Liability" content="Covers any insured against financial consequences of liability to others for bodily injury and property damage."]Up to $300,000 AvailableUp to $500,000 AvailableUp to $1 Million Available
Medical Payments to Others (Coverage F)$1,000 Included / $2,000, $3,000, $4,000 or $5,000 Available$1,000 Included / $2,000, $2,500, $5,000 or $10,000 Available$5,000 Included / $10,000 Available
Damage to Property of Others
Personal InjuryAvailableAvailableIncluded
[tooltips keyword="Animal Liability" content="Covers you against financial consequences of liability to others for bodily injury and property damage involving any animal in the care of or owned by any insured."]$25,000$25,000Up to Personal Liability Limit
[tooltips keyword="Diving Board & Pool
Slide Liability" content="Covers you against financial consequences of liability and medical payments to others for bodily injury resulting from the maintenance or use of any diving board or pool slide located on the insured premises or any other location."]
Personal Watercraft$25,000$25,000$25,000
Watercraft Other than Personal Watercraft$25,000$100,000$100,000
[tooltips keyword="Trampoline Liability" content="Covers you against financial consequences of liability and medical payments to others for bodily injury resulting from the use of any trampoline owned by, or in the care, custody, or control of any insured."]$25,000$25,000$100,000
[tooltips keyword="Credit Card, Forgery, & Counterfeit Money" content="Covers a loss resulting from the theft of a credit card, forgery of a check or negotiable instrument, or acceptance in good faith of US or Canadian currency."]$500$5,000$10,000
[tooltips keyword="Identity Fraud Expense Coverage" content="Reimburses an insured for expenses incurred as a direct result of identity fraud."]Available$25,000$25,000
Data Replacement / Personal Computer RecordsNot Included$2,500$5,000
[tooltips keyword="Loss Assessment" content="Covers your share of a loss assessment charged against you for damage from a covered peril to property owned in common by all members of a property owners association."]$1,000 Included / $2,000 or $3,000 Available / $250 Deductible$1,000 Included / Up to $10,000 Available / $250 Deductible$5,000 Included / Up to $50,000 Available / $500 Deductible
[tooltips keyword="Additional Living Expenses (ALE)" content="If your home is unlivable due to a covered loss, ALE coverage reimburses you for the additional costs to live elsewhere temporarily."]Up to 20% of Coverage AUp to 30% of Coverage AUp to 30% of Coverage A
Loss of Use Due to Power ShortageNot IncludedNot IncludedIncluded

Loss Prevention Tips for the High Value Homeowner

Water Damage

  • Replace the supply lines to your sinks, toilets, washing machine, refrigerators, dishwashers, and other appliances if they are more than eight years old. They may look fine on the outside, but corrosion inside can cause a burst pipe. Braided stainless steel supply lines cost approximately $15 and can save you your deductible and thousands of dollars in damage.
  • Install a water shut-off device. In leak prone areas in your kitchen, bathroom, and laundry room, these devices can automatically turn off the water supply when they detect moisture. The alarm can alert you immediately to a pipe break and prevent thousands of dollars of damage.

Fire Damage

  • Test your smoke alarms biannually and change the batteries. Have your family practice a fire drill to ensure everyone knows safe escape routes from any part of the home.
  • The leading causes of fires in the kitchen is unattended cooking. Keep fire extinguishers in your kitchen and outside by any grills or fireplaces. Replace unused fire extinguishers every 15 years.
  • Ask your security and fire alarm company to perform annual checks of your systems.
  • If a circuit breaker in your electrical panel repeatedly trips, call a licensed electrician to inspect the wiring in your house.

Theft Losses

  • Change all of your locks before you move in.
  • Update your security system’s passkey, and contract with a 24/7 home security monitoring service that you know and trust.
  • Avoid posting on social media sites information that might tip criminals to you being away from your home on vacation or business.
  • Only use secure websites to transact purchases with credit cards, and never provide your password information over the phone or email.
  • Enroll in a reputable identity theft protection service, which will monitor your bank and credit card accounts, as well as alert you to loan and credit applications made in your name.

Roof Damage

  • Composition shingles average 12-15 years life expectancy before repair or replacement is needed. Tile and metal roofs can last much longer but require annual maintenance to keep them watertight.
  • Have your roof and gutters inspected each spring. Leaves and other debris can collect and cause water to back up under the shingles. Annual maintenance of your roof can head off major problems when the wind blows or the rain falls.
  • Trim any branches that are hanging over the roof to prevent damage and keep vermin away.

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