Illinois High Value Homeowners Insurance Coverage

• Protects the physical structure of your home against damage or destruction.
  
  
• Our dwelling coverage goes beyond the basics, ensuring that the physical structure of your home is fully insured against damage or destruction.
  
  
• From the foundation to the roof, we’ll work with you to determine the appropriate coverage limits based on your home’s value, construction materials, and unique features.
  
  
• Whether you own a historic brownstone in Chicago’s Gold Coast or a sprawling estate in the suburbs, our policies are designed to protect your investment.

Imagine:

• Your high-value home in Illinois is completely destroyed by a covered peril, such as a fire.
• Rebuilding your luxury home to its former glory could cost significantly more than your current dwelling coverage limit due to factors like inflation, changes in building codes, or the unique features of your home.

That’s where guaranteed replacement cost coverage comes to the rescue.

This coverage ensures that your home will be rebuilt to its original specifications, even if the cost exceeds your policy limit.

The Allen Thomas Group strongly recommends this coverage for high-value homeowners in Illinois, as it provides the ultimate peace of mind knowing that your home can be fully restored without leaving you underinsured.

• Protecting your belongings, including furniture, clothing, and electronics.
  
  
• Our personal property coverage ensures that your furniture, clothing, electronics, and other valuables are protected against loss, damage, or theft.
  
  
• We’ll help you create a detailed inventory of your possessions and determine the right coverage limits to give you peace of mind.

• As a high-value homeowner in Illinois, you may face unique liability risks that require specialized coverage.
  
  
• Liability coverage is an essential component of your high-value homeowners insurance policy, as it protects you from legal and financial responsibility in the event that someone is injured on your property or if you are held liable for damage to someone else’s property.

Scenario:

• You host a lavish dinner party at your luxurious Chicago home, and one of your guests slips and falls on your marble staircase, sustaining serious injuries.
  
  
• Without adequate liability coverage, you could be personally responsible for covering their medical expenses and any potential legal fees if they decide to sue.

• As a high-value homeowner in Illinois, you may have a substantial collection of fine jewelry, including engagement rings, heirloom pieces, or rare designer items.
  
  
• While your homeowners insurance policy offers some protection for your jewelry, it may not be enough to fully cover your treasured pieces.
  
  
• That’s where specialized jewelry coverage comes in.
  
  
• At The Allen Thomas Group, we understand that your jewelry is more than just an accessory; it’s a symbol of love, a cherished family heirloom, or a valuable investment.
  
  
• That’s why we offer customizable jewelry coverage options designed to protect your precious pieces, both at home and away.

Scenario:

• You’re attending a gala event in downtown Chicago, and you’re wearing your favorite diamond earrings.
  
  
• During the evening, you discover that one of the earrings has gone missing.
  
  
• Without adequate jewelry coverage, you may be left to bear the cost of replacing this valuable item out of pocket.

• Your home’s exterior is an extension of your living space, and we understand the importance of protecting your meticulously maintained landscaping.
  
  
• Our policies can include coverage for trees, shrubs, and other plantings, ensuring that your outdoor oasis is restored in the event of a covered loss.
  
  
• From replacing damaged trees to repairing intricate garden designs, we’ll help you maintain the curb appeal and tranquility of your Illinois property.

• As a high-net-worth individual, you may be at a higher risk for identity theft.
  
  
• Our policies can include coverage for the costs associated with restoring your identity, including legal fees, lost wages, and credit monitoring services.
  
  
• We understand that identity theft can be a stressful and time-consuming ordeal, which is why we offer resources and support to help you navigate the recovery process and protect your financial well-being.

• When you own a high-value home in Illinois, the thought of being displaced due to a covered loss can be incredibly stressful.
  
  
• That’s where additional living expenses (ALE) coverage comes in.
  
  
• This coverage, also known as loss of use, is designed to help you maintain your standard of living while your home is being repaired or rebuilt after a covered event, such as a fire or severe storm damage.
  
  
• Imagine a scenario where a kitchen fire renders your upscale suburban Chicago home uninhabitable.
  
  
• With ALE coverage, you can rest assured that your insurance will help cover the costs of temporary housing, meals, and other necessary expenses, allowing you to focus on recovering from the loss without added financial strain.