Insurance Coverage for Older Homes

The Importance of Adequate Insurance for Your Older Home

Purchasing an insurance policy for your older home is a wise investment, providing essential protection that meets your unique needs. Let’s explore some critical types of coverage to consider. If you’re in Burlington, NC, and need further assistance, our agents at Don Allred Insurance are here to help.

Key Aspects to Assess for Older Home Insurance

Structural Materials

An immediate inspection after purchasing your home will help you understand the type of structural materials used in its construction. Adjust your insurance coverage to account for the material value. Take into account the number of windows and other possible points of entry. If your home is prone to burglaries or weather-related damage, consider increasing your coverage amount.

Personal Possessions

Make an exhaustive inventory of your belongings kept within your home and surrounding property. During this process, consider the chances of theft or damage. As a result, you can gauge the amount of coverage you need for your possessions. It’s wise to periodically reassess your personal belongings since you may acquire or dispose of items over time.

Geographical Location

Another factor to consider is your home’s geographical location. For instance, you could be susceptible to flooding if your residence is in a low-lying area. Including flood coverage in your policy can address the costs associated with water damage repair.

Securing Your Home with Tailored Insurance Coverage

An older home requires undiminished insurance coverage. Feel free to contact one of our Don Allred Insurance agents – they’ll consult with you about your unique older residence requirements and help prepare your personalized insurance documents.