How often have you passed an older, even vintage home and dreamed of making it your own? Perhaps you have always wanted to take the time to invest yourself in a major restoration project? In a world where new homes are increasingly homogenized, older homes offer elegance, creative outlets and respite that has become rare. If you are ready to go all in on an older home, though, you had better be prepared for the trials of searching for adequate homeowners coverage. In many cases, insuring an older home can be very difficult and the costs exorbitant. A quality specialty insurer, though, will have a plan in action in mind that enables you to customize the right package to fit your needs.
Among the issues that often prohibit agencies from insuring vintage and historic properties are previous claims against the property and structural issues requiring repairs. An experienced insurance agent will see past those current issues to imagine your vision with you. In fact, some rehabilitators of vintage properties probably come to see their specialty insurer as a close friend and colleague. Every day there are fewer homes that represent bygone eras, and that makes those still standing true treasures for the right buyers. Do not let finding the right insurance intimidate you to hinder your dreams. Seek out professionals who deal precisely with these issues to assure yourself as you insure your new old home.