When we say "home insurance" or "homeowners insurance," we're referring to House & Property insurance.
Outside of Florida & Louisiana, Kin offers House & Property insurance, which has a base policy that provides coverage similar to landlord insurance. Homeowners who live in their home can add an owner-occupied endorsement to create coverage similar to an HO3 policy.
From small claims to disasters, we're here to help you recover quickly.
We reach out before and after major weather events to make sure you’re okay — and to assist if you need to file a claim.
Easily file a claim over the phone with a member of our support team or online in your Customer Portal.
Our licensed insurance experts are available to help via email, phone, or live chat.
Rest easy knowing your coverage protects what matters most.
for the actual structure of your home, inside and out.
for things like your detached garage or shed.
for your personal belongings that make your house a home.
for additional living expenses when a covered loss forces you to temporarily relocate.
if you accidentally cause someone bodily injury or property damage.
if a guest is injured on your property.
The average cost of home insurance has increased to more than $3,300 per year in the United States, but depending on where you live, you can save money by protecting your home, avoiding damage, and selecting sustainable options.
Home security - for installing security or fire alarms (available for nonmobile homes).
Wind mitigation - the more wind-proof your home, the better.
Water detection - because no one wants a flooded home.
Electronic policy - for reducing your carbon footprint by saving some paper.
New home buyer - if you’re purchasing a home for the first time.
IBSH designation - for fortifying your home against disasters.
A high-value home insurance policy is designed for luxury homes that are generally worth more than $1 million, due to the size of the home, where it’s located, or desirable features (pool, home gym, tennis courts, etc.).
What differentiates high-value home insurance from a standard home insurance policy is the larger amount of coverage, though some high-value home policies may also include perks such as:
Home computer coverage
Identity fraud expense coverage
Loss assessment coverage
Ordinance or law coverage
Water backup and sump overflow coverage
Data replacement coverage
Kidnap expense coverage
Mine subsidence coverage
High-value coverage limits and perks can vary based on your insurer, state, and specific policy details.
Several factors impact the cost of high-value home insurance, including:
Replacement cost value of the property. This value reflects how much it would cost to rebuild your home after a covered peril. Note that this is different from the market value of your home or how much you paid for it.
Policy limits and deductibles. Higher limits and lower deductibles can lead to higher premiums but a more robust level of coverage.
Additional coverages. You can enhance your policy with endorsements, like water backup coverage or extended replacement cost coverage. Adding endorsements will likely increase your premium.
Your location. Where your property is located, down to the ZIP code, will affect rates. Properties in areas at high risk for natural disasters are often more expensive.
Claims history. A history of multiple claims can raise rates. You may also see a higher rate if your home has had an active claims history, even if you didn’t live there at the time.
Any discounts for which you qualify. Discounts and eligibility vary, but insurers often offer ones for going claims-free, hardening your home against wind, or opting for electronic billing.
The primary difference between standard and high-value home insurance lies within the coverage amounts. Because high-value homes cost more to replace and often have much more expensive contents, the coverage limits are much higher, and there may be special coverages added on to the policy, such as coverage for identity theft or kidnapping.
Insurance companies may be able to tailor a high-value home insurance policy to your specific needs.
High-value home insurance includes the same basic coverages as a standard home insurance policy:
Dwelling insurance to cover the structure (e.g., walls, roof, built-in systems, cabinetry, etc.) of your home
Other structures insurance to cover additional detached structures like garages, fences, and gazebos
Personal property insurance to cover your belongings inside the home (everything from furniture and appliances to clothing and cookware)
Loss of use coverage to pay for additional essential expenses incurred, such as meals and lodging, if your home becomes uninhabitable after a covered loss.
Personal liability insurance provides financial protection for you and any covered household members responsible for injury or property damage to someone else, should there be medical bills, repair costs, or legal expenses.
Medical payments coverage can cover small injuries that a guest may get while on your property, regardless of fault.
The key differentiator is that high-value home insurance would have higher limits for coverages to reflect the higher replacement cost of your home, its contents, and its additional structures.
Like a standard policy, a high-value home insurance policy has some typical insurance exclusions. For instance, dwelling coverage usually includes the following exclusions:
Floods
Earthquakes
Pest infestations
Known neglect
General wear-and-tear
Intentional acts
To determine how much high-value home insurance coverage you need, you’ll need to consider the worth of your assets carefully. For instance:
Insure your home for 100% of the cost to rebuild it if it were destroyed in a fire, not what you paid for it or its market value if you were to list it. This is the replacement cost value and reflects material and labor costs.
Assess other structures on your property, such as gazebos, detached garages, pool houses, and docks. Make sure you have enough other structures coverage to financially protect those structures.
Create a home inventory to calculate the cost of replacing your possessions. Your personal property coverage limit should be high enough to cover the combined value of your belongings.
Fully protect your assets. Your liability insurance limit should be high enough to protect your assets, including investment accounts, real estate, etc.
Consider the unique risks your home poses. For instance, having a large pool or pond may require higher liability coverage. If you regularly entertain or have staff working in your home, your chances of liability claims go up.
Factor in the costs you’d incur if you lost use of your home. For instance, if you have a large family, how much will temporary lodging cost, as well as storage units, should you need to remove your personal belongings?
For the highest level of protection, consider these additional coverages for your high-value home insurance policy:
Personal property replacement cost. Most standard homeowners insurance policies offer actual cash value for personal property, meaning your items are insured up to their depreciated value, not the cost to replace them. You can upgrade to personal property replacement cost coverage to ensure you have the exact amount you need to replace every covered item in your home.
Extended replacement cost coverage. Dwelling coverage provides the cash you need to rebuild your home, up to your covered limit. But construction labor and material prices can increase, especially after a widespread disaster, like a hurricane. An extended replacement cost endorsement increases your dwelling coverage by a set percentage, such as 25% to protect against rising construction costs
Flood insurance. If your property is at risk for flooding, it’s wise to purchase flood insurance. Flood damage, including that caused by overflowing bodies of water and storm surges, is not covered by a standard home insurance policy.
Water backup coverage. Home insurance typically excludes damage caused by sewer backups or failed sump pumps, but water backup coverage can help fill that gap.
