Prestige Home Insurance

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If you own a prestigious home here in Australia then it’s important to have a prestige home insurance policy.

This type of policy is written and designed to cover highly valued properties across Australia which also include added perks that don’t typically come as standard.

Whether you are a new homeowner looking to put a prestige home insurance policy in place or you have a policy and looking for a better deal, we have you covered. We focus on providing you with a good balance between competitive pricing and great coverage.

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What you need to know about

Prestige home insurance and protecting your asset.

Prestige homes insurance policies are only available for homes which have a high sum insured value for the building and also the contents. This level of cover typically has higher limits for things like jewellery, art work, antiques and collectable items that you don’t typically have on standard home insurance policies. 

A prestige home insurance policy is typically targeted to the following properties:

  • Properties with a value in excess of $2,000,000 and contents of more than $250,000
  • Heritage listed properties 
  •  Uniquely designed properties 

Specifically tailored to protect homes of high values and the assets that come along with it. A prestigious home would require a higher level of standard that a typically home insurance policy where builders, repairers and other professionals would be hired only from the finest craftsman available to return your home back to its original high quality level of standards. The service provided under a policy should be second to none which is why a higher level of cover is required that has a service level to match. 

Why Priority Insurance Brokers?

Why should you use Priority Insurance Brokers to arrange your Prestige Home Insurance?

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Why you should have a prestige home insurance policy

To summarise, a typical home insurance policy won’t cut it. For a luxury property that is a state of the art, one of design or is architecturally built to a high level of standard are no designed to be covered under a standard home insurance policy.

Your luxury home insurance will include higher limits, more inclusions and provide a higher level of service to whats known in the industry as “standard”. Your house isn’t standard, so why should your insurance policy?

We specialise in providing prestige home insurance policies for luxury homes, villas, penthouse suites and the like. Speak with one of our brokers today to ensure that one of your greatest assets is covered appropriately.

Need a Prestige Home Insurance Broker? We've got you covered.

We understand that running a business takes a lot of work and as a business owner you’re expected to be across all of the different aspects of your business operation. We have tried to make our process as simple as possible and all of our Brokers work with each business owners to have a strong understanding of your business and whats required to be in place to ensure that there are no nasty surprises. We pride ourselves on not hiding behind the fine print. 

Your Luxury Home Insurance Questions Answered

How is prestige home insurance different from standard homeowners insurance?

Prestige home insurance is designed to be for houses that are over $2,000,000 in building value and as such have higher limits under their additional benefits sections. For example some benefits that would typically have higher limits are things like jewellery, works of art, higher limits for emergency call outs and repairs.

Are there any requirements for regular appraisals or updates to the insured value of my home and valuables?

This isn’t something specifically required by the insurer however, it is best practice to ensure that your property is insured for its realistic replacement value. The best way to do this is by having valuations completed regularly. We typically only recommend this during inflationary periods or every 3 years to ensure that you are allowing for correct building material values and trade costs.

Does prestige home insurance provide coverage for additional living expenses if my home becomes temporarily uninhabitable?

Yes, this is a standard condition on most home insurance policies. However, under prestige home insurance policies the limits are once again higher to allow for a higher level of living standard that you are used to.

Can I add coverage for valuable items that I frequently travel with or take outside of my home?

Yes, portable cover can be added and sometimes even included for no extra premium on their top level of cover. It’s important to assess your risk tolerance and what items would typically need to be covered away from the home to ensure that you are covered appropriately.

Does prestige home insurance cover the increased costs associated with sourcing period-specific materials for repairs or renovations?

Yes, catastrophe allowances are usually taken into consideration when catastrophic events occur causing delays and increased costs.

Are there any coverage options for damage caused by foundation issues or settling of older properties?

Wear and tear is considerable general upkeep of a property and as such isn’t typically covered. This is another good reason why buildings should be inspected and valued regularly to prevent issues like this occurring.

What if I have expensive jewellery that needs to be covered?

A prestige home insurance policy will typically offer worldwide cover on jewellery items and general contents while you are away from home.

What if the value of my home continues to increase?

The insurers offer free market appraisals for high valued homes to ensure that they are insured correctly for a true replacement value.


I don't need the extra cover under a luxury home insurance policy, can I just have a regular policy?

You can however, when you consider the additional benefits and higher limits that are typically included on a standard policy you will end up losing out overall.

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