Play it safe—and save
Nov 19, 2021
4 minutes
BY ELLEN STARK
An older house can be expensive to insure. If you want to be able to replace distinctive building materials and architectural features in the event of a loss, you may need to increase your policy limits for the structure or add optional coverages. “There definitely are concerns for older homes that often lead to higher costs,” says Karen Collins, assistant vice president of personal lines at the American Property Casualty Insurance Association, a trade group. “Being able to access the materials or the craftsmanship needed to re-create your home can drive up costs.”
That’s not the only challenge to finding affordable insurance.
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