Suffering a loss as a homeowner can upend your life, and high-value home insurance is designed to reduce your stress and get your life back to “normal” quickly and efficiently as possible. Here are a couple of differentiators that exemplify how high-value homes provide more coverage than a standard policy.

Replacement cost for your personal property: Replacement cost coverage, which high-value home policies generally include automatically, reimburses you for new items to replace the damaged ones – such as new living room furniture. Standard policies will generally offer “actual cash value replacement,” which would give you only the depreciated value of your furnishings, likely leaving you far short when you want to buy new items.

Loss of use: Also known as “additional living expenses (ALE),” loss of use coverage reimburses you for extra expenses that you incur if you can’t live in your home due to a covered loss. For example, it pays for a hotel or temporary relocation and other living expenses if you cannot live in your home because of a covered loss.

The maximum benefit for loss of use with a standard policy is limited. For example, if you insure your home for $1 million, your benefit maximum may be 20% of the home’s value, which may not be enough if it takes a couple of years to be rebuilt or repaired. In contrast with most high-value home policies, there are no limits for your additional living expenses incurred.