Is Insurance Different for Older or Historic Homes?

A Personal Insurance Update

With the cost of homes increasing daily, many people are considering purchasing older or historic homes.  If you have ever owned an older home, you know the issues that come with updating and making repairs.  Restoring a historic home to its original condition can cost considerably more than expected.

That is why it is important to have a homeowner’s insurance policy that is designed to address the needs of older and historic homes.  If your historic home is damaged you will want to keep the design, construction, and integrity of the original architecture.  Most standard homeowner’s insurance policies will not provide the necessary coverage to restore historic or older homes to their original architecture condition.

Most historic or older homes have detailed finish work, hand carved details, unique brickwork, custom tile and flooring, or exotic woods and other features not found in homes today.  A standard homeowner’s insurance policy is intended to replace materials with like kind and quality, but that term can be interpreted in many ways.

You may need historic coverage for your home.  We can provide a quote, so call us today!