Destin is well known for some of the most expensive real estate in Florida, and there are many luxury homes. Famous people, like actors and sports celebrities, own luxury property in Destin, and there are also plenty of snowbirds–those who own homes in the northern states and luxury homes in Destin, who travel back and forth–following the warm weather. Many real estate owners have vacation homes in Destin designed just for rental during tourist season. There are plenty of luxury condos, villas, and these types of communities in Destin too.
It is not unusual for Destin luxury homeowners to also own the best cars, yachts, fine art, high-end jewelry, and other very expensive material possessions. However, you might be surprised to learn how underinsured most luxury homeowners and wealthy people in general are. “Probably 90% to 95% of the clients I see are not properly insured,” says Patti Clement, vice president and managing director of HUB Private Client Advisors, which advises wealthy individuals. This is a quote from an article at Fox Business called, Insuring the Rich and Famous.
F. Scott Fitzgerald said it best, “The rich are different from you and me.” As far as home insurance goes, the rich couldn’t be more different. The insurance required and suggested for a luxury property in Destin is also very different. Real estate owned by the wealthy require much more than standard insurance. Below are just a few things a high-end homeowner insurance policy may contain that standard home insurance policies don’t have or need:
- Peril hazard insurance – This is standard on all home insurance policies, but for luxury homeowners, there is extra coverage, against things like someone filing a lawsuit if they get hurt on your property.
- Umbrella liability – this covers a wide range of problems that may develop, including damages in excess of some claims.
- Buildings and structures – covers gazebos, water features, swimming pools, guest houses, greenhouses, workshops, and many other outdoor structures.
- Waterfront home options – can include docks, boats, yachts, and personal watercraft.
- Luxury home contents – this can cover antiques, collectibles, jewelry, wine rooms, home theaters, home gymnasiums, and such.
- Extra flood insurance
- Sewer backup coverage
- Cash settlement option
Let a Public Adjuster File Your Destin Luxury Home Insurance Claim
As you can see from the above statistics, there is a very big possibility that you are not covered well enough for your luxury property in Destin. That’s where Noble comes in. If you have a Destin luxury home insurance claim, Noble Public Adjusting Group should really be your first call. In fact, if you have any type of insurance claim on your Destin luxury property, we are intimately familiar with the language of luxury insurance. We have handled plenty of Destin luxury home insurance claims, claims on yacht loss, and other high-end insurance claims.
Just as the insurance needs of wealthy people are different, so is the language of insurance. There are statutes, riders, and so many extras–some of which we listed above–that standard homeowner insurance policies don’t contain. Your luxury insurance provider is not going to part with the kind of money involved in a settlement of your insurance claim. They are in the business of profit, just like any other business. We suggest you call us with your Destin luxury home insurance claim even before you call your insurance company There are things you might say in that phone conversation that could cause your claim to be denied. We will take over the minute you hire us. We will file the claim, handle all communication with your insurance provider, and even arrange for your loss to be replaced or repaired by the vetted Destin contractor in the niche of your loss. We will get you the settlement you deserve.
You need us to make sure you get all that is coming to you as an insured person who of course pays extra high premiums. On average, we get our clients 747% more from their insurance settlements than if they had handled it on their own. Noble Public Adjusting Group covers all of Florida, with our main body of clients located in the Florida Panhandle. Our home office is in Panama City Beach, just down the street from Destin. We are the # 1 insurance appraiser in the nation. Call us today at (850) 249-MY-PA and let us handle your Destin luxury home insurance claim.