Insuring an older home can come with a unique set of challenges, and your policy may even be at risk of cancellation if it doesn’t meet an insurer’s requirements.
Common trouble spots include outdated electrical wiring, aging plumbing, older furnaces, boilers, or HVAC systems, a worn roof, foundation cracks, and construction that no longer complies with current building codes.
What Can Happen at Renewal
Some homeowners are surprised to receive a notice at renewal time requiring major repairs, such as a full roof replacement, in order to keep their policy active.
If this sounds familiar, or if you’re concerned it might become an issue, reach out to your agent at Roberts Family Insurance in Friendswood, TX, for guidance.
Practical Tips for Insuring an Older Home
Start with a detailed inspection from a qualified, licensed professional, and use it as a roadmap for prioritizing repairs. Pay close attention to major systems: electrical, plumbing, foundation, roofing, and heating/cooling equipment.
Look for insurers that specialize in older homes. Even then, many will still require documentation confirming that major systems are in good condition, and you may need to accept a higher deductible in exchange for coverage.
Keep thorough records of any repairs, including receipts, inspection reports, and permits, and provide copies to your insurer when needed.
One important note: renovation work typically requires a building permit, and addressing one issue may trigger requirements to bring other parts of the home up to current code.
In some cases, rather than requiring a full roof replacement, insurers may offer coverage with claim limitations based on your roof’s age and condition. Ask your agent how your specific insurer handles roofing claims before assuming a full replacement is your only option.
Reach out to us at Roberts Family Insurance in Friendswood, TX, for all your home insurance needs.
