How to Insure a Historic Home

Insuring a historical house can be a complex process, as such homes are often either excluded from or denied home insurance coverage, mainly due to their age. Aged properties are notoriously prone to structural issues and require more comprehensive protection. If you’re a proud owner of a historic home in Chesterland, OH, and need insurance, you might want to consider a specialized policy. Our M & M Insurance Group experts recognize the deep-rooted sentiment connected to older homes and are here to assist you.

Step 1: Secure an Appraisal

The first step in insuring a historic property is to obtain a precise appraisal. Someone specializing in historic buildings must do the appraisal to ensure your home is insured for the right amount. The appraisal should cover both the house itself and the accompanying land. Historic homes often feature unique landscaping and outbuildings, and a home insurance policy should also cover these elements.

Step 2: Document Everything

Once you’ve ascertained the home’s worth, it’s time to begin the documentation process. Despite being time-consuming, documentation is a critical step in ensuring your property is adequately insured. Photos, written records, receipts, and more can all serve as valuable documentation tools. Your documentation should provide a detailed record of improvements, repairs, and renovations.

Step 3: Seek Out Specialized Coverage

Rather than limiting yourself to standard home insurance, you can explore policies explicitly designed for historic homes. Once you find a suitable policy, ensure it meets all of your home’s needs by covering the full cost of its restoration and maintaining adequate limits.

Contact M & M Insurance Group in Ohio!

Owning a historic home can be a rewarding experience, but it comes with unique challenges. Specialized historic home insurance is a must to maintain the property optimally. If you’re ready to discuss this further, the team at M & M Insurance Group’s Chesterland, OH office is eager to help. One of our representatives can assist you in finding the proper coverage.