When your home costs $1,000,000+ to rebuild, a standard policy may not be enough.
Rebuilding costs across Longmont and Boulder County have climbed fast—labor, materials, permit timelines, and building-code upgrades all add up. For many homes (especially custom builds, acreage properties, and high-finish remodels), the real reconstruction cost can quietly exceed $1 million.
If your home is in that range, High Value Homeowners Insurance is designed for you.
Bassett Insurance Group (Longmont, CO) helps homeowners protect higher-value properties with specialized coverage through AIG Private Client Group and Chubb—built to respond when the stakes are highest.
Why Longmont rebuild costs are rising
Even if your market value hasn’t doubled, the cost to reconstruct often has. Common drivers we’re seeing in and around Longmont, Niwot, Lyons, Erie, Firestone, and Boulder County include:
- Skilled labor shortages and higher trade rates
- Increased material costs and longer lead times
- Code-required upgrades (electrical, energy efficiency, roofing, wildfire/defensible space considerations)
- Custom details that are expensive to replicate (stonework, beams, specialty windows, premium roofing, bespoke cabinetry)
- Higher contractor demand after regional weather events (hail/wind) and fire seasons
Bottom line: a lot of “regular” homes are now “high value” to rebuild.
What makes High Value Homeowners Insurance different?
High value policies are built for higher limits and more complex claims—so you’re not hoping a standard policy “keeps up.”
Coverage advantages (what you’ll feel when it matters)
- Higher dwelling limits that better match real rebuild costs
- Broader protection for many types of losses (often called “all-risk” style coverage, with exclusions)
- Options for higher deductibles (useful when you prefer to self-insure small losses and reduce premium)
- Rebuild-cost-focused features (helpful when rebuilding costs spike above your base limit)
- Building ordinance coverage (helps pay for code-required upgrades during repairs)
- Loss of use / Additional Living Expense support when your home can’t be lived in during repairs
In short: it’s insurance designed for homes where “good enough” coverage can become a six-figure problem.
Chubb High Value Homeowners Insurance
Chubb is another top-tier option for high value homes—known for strong claims service and coverage built for higher-value properties and lifestyles. If your home has high-end finishes, custom construction, valuable contents, or unique exposures, Chubb may be an excellent fit.
We’ll help you compare AIG vs. Chubb based on:
- Rebuild cost accuracy and limit structure
- Deductible strategy
- Claims approach and service expectations
- Add-ons that matter (equipment breakdown, valuables strategy, water backup, etc.)
- Total household insurance picture (auto, umbrella, valuables)
Do you need high value coverage?
You may be a good candidate if:
- Your estimated rebuild is $1,000,000+
- You’ve remodeled with premium materials (kitchens, baths, custom flooring, stonework)
- You have custom architecture or higher-end exterior materials
- You own higher-value personal property (jewelry, art, collectibles)
- Your current policy hasn’t been reviewed in 12–24 months (rebuild costs move fast)
Not sure? That’s normal—most people only find out they were underinsured after a loss. We can help you confirm the number before that happens.
Get a High Value Homeowners Quote
If your home would cost $1M+ to rebuild, let’s protect it like it matters.
Prefer quick help? Send us your current declarations page and we’ll start with a rebuild-limit review.
Call Now For Your Free Quotes
303-776-7676
How much home insurance is enough?
Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Bassett Insurance Group can help you find the homeowner's insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.
Get premium insurance without a high premium
Discounts are available if you have a burglar alarm or a fire sprinkler system installed in your home. You may also qualify for a lower rate if you live in close proximity to a fire station.
Multiple policy discount
Save even more with a multiple policy discount when you also add coverage for your motorcycle, boat or RV.
Less than 10 years old
Qualify for a newer home discount when your house is less than 10 years old.
Choose a higher deductible
A higher deductible will lower how much you pay for your home insurance premium by shifting part of the loss payment to you. For example, if you have a $500 deductible, you’ll need to pay the first $500 of a loss out of your own pocket. A higher deductible will lower your home insurance bill, but will also increase how much you’ll end up paying yourself if you file a claim.
Pay your bill in full
If you pay your bill in full when you start or renew a policy, instead of paying in monthly installments, you’ll end up paying less in the long run.