Home Insurance Coverage for Historic Homes

Owning a historic home can be extremely rewarding, but with rich character comes unique responsibilities. Standard homeowners insurance polices may not be able to cover the risks that historic homes present. That’s why understanding your insurance options is essential to making sure your home has the coverage it needs.

Why Do Historic Homes Need Specialized Coverage?

Historic homes are typically made with older materials and often cost more to repair and replace. Restoration efforts may also use historically accurate techniques; in some cases, a preservation board may need to approve any changes to the home. Some features, such as plaster walls or antique fixtures, aren’t replaceable and need unique considerations. All these factors typically involve expenses that exceed the coverage limits of standard homeowners insurance policies.

How Do I Get Coverage for a Historic Home?

Some insurers may offer endorsements for older houses. Still, many historic homes require specialized insurance policies due to the materials and craftsmanship that make the home unique. If damage occurs, some aspects of the home could be irreplaceable or costly to replicate.

How Much Does Home Insurance Cost for Historic Homes?

Insuring a historic home is generally more expensive than a standard homeowners insurance policy. This correlates to the higher cost of restoration and repair. Premiums may be determined by the home’s age, location, and condition. It may also be impacted if the house is on a historic register. However, some states offer tax incentives or grants to maintain historic properties. It’s important to speak with your insurance broker to understand the options available.

Contact Us

Owning a historic home comes with the responsibility of preserving rich history and craftsmanship. An essential part of ownership is having the right insurance policy to financially protect your unique investment. Contact Active Insurance in Brighton, MI to discuss your insurance options and find the best policy for your unique needs and budget.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.