Gulfshore Insurance > Gulfshore Blog > Personal Insurance > Preferred Insurance Markets for High Value Homes: What Does it Take to Qualify?

PRS Preferred Insurance Markets for High Value Homes What Does it Take to Qualify

While most insurance companies cater to the broader needs of the general market of consumers, for homeowners who maintain luxury homes, there are preferred insurance markets that offer policies with higher property coverage limits and better overall protection of assets. These preferred markets generally carry a financial stability rating of “A” or higher, meaning they perform at the top of the industry in terms of creditworthiness. While the Florida homeowners’ insurance market is financially stressed, we are seeing less volatility with these preferred markets.

Gulfshore Insurance represents these top-rated and most preferred insurance companies that specialize in insurance protection for high value homes including AIG, Berkley One, Chubb, Cincinnati, PURE, and Vault. Our preference is to place our clients’ personal risk management programs with these Admitted Carriers that have received superior financial ratings from the national rating agencies. We value their financial stability, breadth of coverage, loss prevention services, and their track record of settling claims promptly and fairly.

To qualify for one of these preferred markets, there are usually several factors that need to be considered, including:

  • Home replacement value of $2 million or more
  • Full opening protection on all windows and doors
  • Roof newer than 2002 and Florida Building Code compliant
  • Minimal claims history
  • Package program with all insurance policies bundled into a “packaged” policy structure with one carrier; this helps create a more meaningful relationship with that insurance company and typically leads to preferred status. The package policy approach also ensures protection by consistent policy language and more robust coverage at time of loss.


In situations where preferred specialty markets are not the right fit for our clients, our agency represents up to 20 other companies, allowing us to find appropriate solutions to fit our clients’ needs.

Gulfshore Insurance is a Naples, Florida based insurance agency specializing in home and homeowners insurance, car and auto insurance, boat and yacht insurance, property insurance, umbrella insurance, valuables insurance for fine art, jewelry, wine, and more. Navigating insurance requires an experienced and trusted insurance agent who understands your high net worth risks and exposures. Gulfshore Insurance services Naples, North Naples, Port Royal, Park Shore, Pelican Bay, The Moorings, Naples Beach, Marco Island, Bonita Springs, Sanibel Island, Captiva, Fort Myers, Sarasota, and Southwest Florida. We have office locations in Naples, Fort Myers, Fort Lauderdale, and Sarasota.