As with high-end cars and megayachts, insurance for mansions, largely defined as homes starting at $750,000, is a bit different than a standard home insurance policy, according to The Zebra, which noted that as a home's value increases so does its cost to repair or replace. In addition to higher replacement costs, mansions often artwork, antiques, pools, hot tubs and other expensive or potentially risky features. This means these policyholders typically require higher personal liability and personal property limits, The Zebra reported. Much like a Mastercard Black Card, these high-end policies come with perks such as cyber protection, no-cost home inspections and employment practice liability for the mansion's staff. Other common provisions included in these types of policies include automatic coverage for sewer backup, increased coverage limits for replacing landscaping and better medical payment limits, according to Forbes Advisor. Fulfilling champagne dreams and caviar wishes with boxed white wine and frozen fish stick finances, so to speak, the above slideshow reveals the U.S. cities that have the lowest median prices for mansions, according to Realtor.com. The website defined a mansion as a single-family home with 5,000 square feet or more. Additionally, Realtor.com only considered cities with median prices for these larger abodes at or below $1 million and only included metros with at least 20 such listings in the last week of July 2022. Related: |

• AM Best revises U.S. personal lines outlook to negative
• Property adjusters beware: Fire danger ahead
• The dilemma of minimum auto insurance coverage limits