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Florida Insurance Broker Noticing More High Value Home Owners Are Not Aware of the Existence of Luxury Home Insurance

Frank J. Velten, president of F. J. Velten & Sons Insurance Agency, Inc., is noticing that more and more people are not aware of the existence and necessity of luxury home insurance.


If your home is worth a lot of money, you want to ensure that you’re financially protected in case of an unforeseen event or circumstance.
A standard home insurance policy is deemed more than enough for homes worth $500,000 or less. Damages caused by theft, fires, and storms generally fall within the coverage limits of the average policy. Of course, not all homes are the same. If your home is worth more, chances are a standard home owners insurance policy just won’t cut it.
Frank J. Velten, president and founder of F.J. Velten & Sons Insurance Agency, Inc., is noticing that many people who he sits down with are not aware of the extra risk involved in owning a luxury home. Velten who has lots of experience insuring higher value homes in the Tampa Bay area says, “Many people don’t even know there is such a thing as luxury home insurance let alone how it differs from a regular home insurance policy”.
High value or luxury home insurance specifically target homeowners with homes above the $500,000 mark. These homes are generally considered distinct because of their location, size, contents, and other notable factors. High value or luxury home insurance is more detailed and offers coverage that is far more comprehensive than a standard home insurance policy.
According to Velten, who is also a Certified Financial Planner™ Professional, making the right choices stem from understanding the options available. The right insurance plan can greatly affect how protected your assets and properties are, and it is vital that you choose wisely. Velten strongly recommends working with a professional Florida insurance brokerage who possesses the knowledge and experience needed to handle luxury or high value homes. A capable insurance broker will have a greater understanding of a luxury homeowner’s requirements, and will be able to obtain insurance products that are best suited for those needs.
Velten began his career in financial planning and investments in 1992, and obtained a Certified Financial Planner™ certification in 1999. Together with his sons, Frank founded F.J. Velten & Sons, Inc. in 2002, a one stop shop that meets all of an individual’s financial needs, including those related to insurance, investments, financial planning, estate planning, and tax advisory.
F.J. Velten Insurance Agency, Inc., is headquartered in New Port Richey, FL, and services clients throughout the Tampa/St. Petersburg/Clearwater metro area. For a free quote call at 1-866-815-0300 or visit

F.J. Velten & Sons, Inc. is an independent company with securities offered through Summit Brokerage Services, Inc., Member FINRA/SIPC.  Advisory services offered through Summit Financial Group Inc., a Registered Investment Advisor.  F.J. Velten & Sons Insurance Agency, Inc., is not an affiliate of F.J. Velten & Sons, Inc., Summit Brokerage Services, Inc., Summit Financial Group or any of its affiliates.

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