Top High Value Home Insurance Companies in Michigan (And What to Look For)

Top High Value Home Insurance Companies in Michigan (And What to Look For)

If you own a high value home in Michigan—whether it’s a lakefront estate, a historic property in Birmingham, or a custom-built home in Bloomfield Hills—standard homeowners insurance might not offer the protection you need. That’s where high value home insurance comes in.

These specialized policies are designed to cover luxury homes and high net worth individuals with enhanced protection, tailored service, and coverage for unique risks.

Here are some of the top high value home insurance companies in Michigan and what to consider when choosing the right one for your needs.

1. Chubb Insurance

Chubb is often considered the Cadillac of insurance for high net worth individuals. Their Masterpiece® homeowners policy offers:

• Guaranteed replacement cost coverage
• Coverage for valuables like fine art, jewelry, and antiques
• Risk consulting services to proactively protect your home
• Exceptional claims service with a white-glove approach

Chubb is a go-to for luxury homes thanks to its comprehensive policies and longstanding reputation.

2. PURE Insurance

PURE (Privilege Underwriters Reciprocal Exchange) is another elite provider focused exclusively on high value households.

Their policies often include:

• Full replacement cost coverage for personal property
• Rebuilding to code after a loss
• Identity fraud expense reimbursement
• Coverage for high-end materials and finishes

PURE is known for its concierge-level service and proactive risk management tailored to affluent homeowners.

3. AIG Private Client Group

AIG Private Client Group offers customizable coverage for multimillion-dollar homes, with broad protection and exclusive perks.

Their coverage can include:

• Custom rebuilding coverage with no depreciation
• Protection for collectible items, wine, or custom fixtures
• Worldwide personal liability
• Access to wildfire defense and security services

If you’re looking for both protection and peace of mind, AIG is a strong contender.

4. Cincinnati Insurance

Cincinnati Insurance provides flexible, high value home insurance solutions with a strong Midwest reputation.

What sets them apart:

• Flexible policy options for custom homes
• Scheduled personal property protection
• Excellent claims responsiveness
• Strong financial ratings and regional expertise

Cincinnati Insurance is a great option for those wanting elite coverage with a more personal touch.

Tips for Choosing the Best High Value Home Insurance

When comparing providers, here are a few critical things to look for:

1. Reputation and Financial Strength

Work with a company known for stability and reliability. This ensures your insurer can handle large claims—even after widespread disasters.

2. Specialized Coverage Options

Choose an insurer that understands the unique risks of high-end homes. Look for features like guaranteed replacement cost, cash settlement options, and protection for high-value collections.

3. Claims Service

Fast, fair claims handling is essential. You don’t want to navigate red tape after a loss—especially with major repairs or rebuilding involved.

4. Personalized Customer Service

Top-tier service should include risk mitigation advice, home inspections, and a dedicated point of contact who understands your specific needs.

Final Thoughts

Insuring a high value home in Michigan requires more than just a standard policy. Whether you're protecting your estate, your art collection, or your lifestyle, choosing the right insurance provider can make all the difference.

Companies like Chubb, PURE, AIG, and Cincinnati Insurance specialize in protecting what matters most. If you're unsure which option fits best, consider working with a trusted insurance advisor who can help you compare carriers and tailor the right policy for your home.