Posted on Dec 10, 2018
American Team Managers Insurance Services
The “high-value” home market consists of homes valued at an excess of anywhere from $500,000 to above $1 million, depending on the area. It is made up of approximately 11.1 percent of all households – or about 14.9 million homes. When compared to the Census Bureau’s most recent housing estimate of 135.8 million households, high-value homeowners become a niche market for insurance agents. Additionally, nearly half of these 14.9 million U.S households are located in disaster-prone areas of the country, including coastal areas and flood plains.