Homeowners’ Policies for Older or Historic Homes

	Homeowners’ Policies for Older or Historic Homes Some insurance companies provide homeowners’ insurance specifically designed for older homes. However, the coverage is generally more expensive as the replacement costs are harder to determine. For instance, if your 1700’s post-and-beam home is damaged in a storm, replacing it will be expensive because of the specialized labor and parts needed to put the home back into its original state. Finding insurance may also be difficult if your home is not listed in your town’s “registry” of historic homes – sometimes a prerequisite for getting this specialized policy. What you can do. If your home is in a historic district, check with the town to see who insures other homes in your neighborhood. Also check with other homeowners in your area to see who they use. A great resource is the National Trust for Historic Preservation who may be able to assist with insurance questions and policies. You will probably end up weighing the pros and cons of paying top dollar for true replacement costs on your policy and the importance you place on your home. If it’s an historic home, it may be worth the cost. If it’s merely an “older” home, but not “historic,” you may want to opt for a regular homeowners’ policy to save money!
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