Think about coverages you may need for an older or historic home.
You may find an older home appealing because of its size, grandeur and location. But before you leap into the refurbishing trend, look at how older homes can present challenges that could increase your insurance costs.
After World War II, tract homes became the norm as the construction industry standardized materials and techniques. As a result, features found in homes constructed before 1945 became “custom.”
Make sure your homeowner insurance policy covers all the bases.
Read our checklist of items that could affect your homeowner insurance coverage to make sure you are covering all the bases. If you agree with any of the following statements, it may be time to look at the terms of your homeowner insurance policy and discuss options with your agent.
- We would like an estimate of our home’s reconstruction cost at today’s prices.
- In the event of a loss to our contents/personal property, we want items to be replaced with no deduction for depreciation.