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  • Writer's pictureJoyce Insurance

How to Insure an Older Home

Owning a charming old home, with its unique character and history, can be a delightful and rewarding experience. However, finding the right insurance for such a home can be tricky and sometimes overwhelming. 

While standard homeowners insurance might cover the basics, older houses often have special needs and considerations that require extra attention and specific coverage. 

Why is it so tricky?

Insurance companies see older homes as potentially riskier because of several factors:

Old homes often have knob-and-tube wiring or outdated plumbing systems. These old systems can increase the risk of electrical fires or water damage, making them more dangerous compared to newer systems.

Rebuilding an older home, especially one with unique or historical features, can be much more expensive than constructing a new, modern home. The cost to replace the original materials and match the historic character can be significantly higher.

Older homes might have undergone renovations or repairs over the years that weren't properly documented. This lack of documentation can lead to unexpected and costly issues down the line, as new owners may be unaware of past problems.

What can you do?

Here are some steps you can take to get the right insurance for your beloved old home:

It's essential to understand your home's replacement cost, not just its market value. The replacement cost is what it would take to rebuild your home from scratch if it were destroyed. 

Knowing this ensures you have enough coverage to rebuild if something happens. This is especially important for older homes with unique or historical features that might be expensive to replace.

Different insurance companies have different views on risk, so it's a good idea to get quotes from multiple companies. That’s why you should fine-tune your insurance policy around the specific needs of the property.

At Joyce Insurance, we can help you find unique insurance policies, just like your old home, giving it all the protection it needs.  

What insurance options do you have?

When looking to insure your old home, you have several options. For instance, you can opt for a policy that protects against backups from floods or sewers. Erie’s Service Line Coverage, which provides coverage for underground utilities like electrical and gas lines, is also a great option. 

In the event of a total loss, a policy covering the total replacement cost can help you rebuild your home exactly how it was. 

Your old home is unique; protect it with the right insurance 

Securing insurance for your older home gives you peace of mind, knowing that it’s well-protected and the ravages of time don’t eat away at its charm and character.

Our team is ready to guide you in finding the right coverage for your unique home, giving it all the protection it deserves. Contact us today for a free quote and start securing your old home.



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