South Florida luxury home


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

Shaun Murphy
Pablo Beach Insurance Group

What typically is considered or can qualify for Tower Hill’s High Value Home program for coverage?

Tower Hill’s high value coverage is generally available for homes valued at $750,000 or more. Pablo Beach Insurance is located in Jacksonville and serves the greater Jacksonville marketplace. This specialized product fits a niche of high value homes that our agency serves both locally and across the state. The product also offers coverage up to $5 million with the Imperial Shield Endorsement.

What are some of the basics on the Imperial Shield coverage package and special considerations?

With the Imperial Shield Program, there are several enhancements that can be offered to customers. Here are just a few:

  • Screen enclosure limitation is removed
  • All Other Perils (AOP) deductible options up to $50,000
  • Trampoline and diving board/pool slide liability limits up to $100,000
  • Debris removal coverage up to 10% of coverage “A”
  • Additional Living Expenses coverage up to 30% of coverage “A”
  • Extended Replacement Cost for dwelling and contents (between 20% and 50%)
  • Identity Fraud Expense coverage up to $15,000
How do real estate market conditions affect the amount of homeowners insurance coverage?

In the market downturn several years ago many customers were buying properties at depressed prices. However, in some cases the replacement cost of the homes was actually higher than the purchase price of the home. Remember: insurance coverage is based on the cost to rebuild, not the market conditions.

How is jewelry covered for theft loss under Tower Hill’s program?

The Imperial Shield Program will cover up to 20% of Coverage “C” (contents coverage), or the maximum of $250,000. The limit is up to $2,500 for misplaced or lost items, not to exceed $1,000 per item. Tower Hill will require current appraisals to schedule any items such as fine arts, jewelry, and firearms.

What can a high net worth client expect from Tower Hill if they have a claim?

Tower Hill has been an industry leader for many years in the Florida marketplace, providing clients with exceptional customer service and 24/7 phone support for claims. Pablo Beach Insurance is proud to represent Tower Hill as an appointed agency. We appreciate that they offer special assistance to customers through the CastleCare program, a vetted licensed- contractor network. CastleCare also offers specialty craftsman for unique items in need of specialized restoration or repair.

NOTE: Coverages may vary from policy to policy. Be sure to read your policy carefully and consult your agent for any policy-specific questions.