Finding insurance coverage for old buildings is often not easy when building owners are looking for building insurance for the old building. With our rate calculator, you can find a suitable homeowners insurance policy for even old buildings based on just a few details.
Insure homeowners insurance old building
In general, it is not a problem if you are looking for a suitable building insurance for old houses. You just have to know which insurance company is eligible for it. This is where we come in. Through our daily practice, we know in most cases which building insurance covers old houses. This also applies if you are looking for a residential building insurance year of construction before 1900.
Of course there are a few special features to consider. Buildings that have already been rehabilitated are easier to insure than buildings that haven't been rehabilitated in 30 years or more. This is where you need to take a closer look and coordinate with your insurer.
Our tip: If you're looking for homeowners insurance built before 1900, or building insurance in general for an old home, use our homeowners insurance calculator. Enter all the relevant details there and calculate the rates you are eligible for. If you have any questions, give us a call so we can go over individual rates together.
Insuring an old house: requirements!
If the building insurance is to insure an old house, then there are of course a few points to consider. This includes u.a., That the object in the past 5 years (elementary, z.B. flood, 10 years) had no previous damage. This point is elementary for us. If there was previous damage, then we can only check insurability if it does not exceed 2 claims.
If the homeowner's insurance is to insure a property that has undergone a core renovation, there are usually no problems anyway. Many insurers no longer consider these houses old.
When applying, please also note the additional information for old buildings. Some insurers require proof of maintenance and restoration, pictures of the property, a building condition report or other details.
At what point is a residential building old?
It is not clearly defined when the insurers in the residential building insurance for an old house speak of an old building. Some insurers require special maintenance after just 30 years, others not until 40 years or even later. While some insurers in the residential building insurance old building object not even insure, it is for others again no problem.
Accordingly, many insurers struggle to offer affordable homeowners insurance for old buildings if a building is more than 40 years old. Let's say you want to insure a building that was built around the turn of the century (1900). The limit of 40 years would be clearly exceeded here.
What can you do if you are looking for home insurance for a building of this age? If the conditions fit, we will find a solution for it. The rate selection may not be as lavish as for new construction, but there are ways to find homeowners insurance for old buildings that is affordable.
The bottom line is that each object must be examined individually. The easiest way to do this is to use our homeowners insurance price comparison tool.
Who needs homeowners insurance for old buildings?
A building is generally classified by the insurer as an old building when the building is 40 years old or older. However, there are insurers who do not want to insure even old residential buildings as early as 30 years of building age. Ultimately, it always depends on the overall constellation of building age, state of renovation and previous damage, whether a cheap building insurance for old residential buildings can be found.
- Extensive protection even for buildings with prior damage
- No obligation& compare for free
- Competent initial consultation by phone& Email
Basically, homeowners insurance is essential for old buildings. An offer for residential building insurance for old buildings must always be prepared very individually. The condition of the building, the state of renovation, the pre-insurance situation or even previous damages play a decisive role here.
If you haven't had any previous claims, you can also use our online homeowners insurance calculator. They will select the most suitable rates for your property from a large number of rates and display them for you in a direct comparison. You can then conveniently conclude the desired tariff online.
Insurance of old buildings: What can I insure myself against??
Homeowners insurance for older buildings provides you with financial protection in the event of damage from fire, tap water, windstorm, hail or other natural hazards such as z. B. Flooding, snow pressure, avalanches or even heavy rainfall.
Optional modules can be used to extend the insurance cover to all-risks coverage. However, this is not always possible in the case of damaged buildings. Here, it is important to take a close look at the previous damage situation and to explain the individual damages as plausibly as possible to the potential insurer.
- Tap Water
- Storm / Hail
- Natural hazards (flood, snow pressure, avalanche, …)
As an insurance broker we help you to find a suitable building insurance, advise you objectively and support you individually in the decision-making process, which is the optimal building insurance for your old building. Regional to national, from Heilbronn to Hamburg. We are happy to provide advice and assistance on the subject of buildings insurance.
Homeowners insurance old building: the risk analysis
Make sure your old home is properly insured going forward. Therefore, have an individual risk analysis made by an insurance specialist. Yes, it's a bit of a hassle, but it's worth it to know that the next time you have a loss, your coverage will fit. We will be glad to explain you the further procedure in a personal phone call. Contact us!
- Information about the object
- Details of prior damage
- Loss statement of the previous insurer(s)
Every now and then, someone is afraid to make the effort to provide us with all the information that is relevant to the quotation process. We ask for your understanding that without the risk-relevant information we can of course not make an offer for your old building.
What's the point of homeowners insurance if it's canceled in the event of a claim?
Now some of you may think: But that's why I have property insurance, so that damage is paid for!? Our position here is very clear that it should not be the insurance company's job to pay for every small or micro claim. This is why we always recommend our clients to agree on a deductible of 500 – 1000 EUR, in order to keep the costs for the home insurance as low as possible and also to avoid that you might be inclined to report small damages and thus run the risk that the insurer cancels your policy because of too high claims frequency.
Rather, insurance is designed to cover damage that could cause the policyholder's livelihood to be put in jeopardy and cause great financial hardship as a result of a claim.
Basically, this was also once the original idea of insurance: protection against risks that threaten your existence. Over the decades, however, this has been pushed further and further into the background. However, insurers should also try to keep premiums as stable as possible for the sake of the insured community (i.e. everyone who is insured there). To ensure this, risks that endanger the community are either not even underwritten or, as we all know, the homeowners insurance is cancelled by the insurer if there have been too many claims. For the affected this is more than annoying, for the community this procedure is essential.
Problems finding homeowners insurance for old buildings?
Finding homeowners insurance for old buildings becomes a tricky proposition when there has been prior damage that leads the potential new insurer to assume such damage will recur again and again in the future. This is often the case, for example, in the event of mains water damage. If there have been repeated claims in this area in the past, it is likely that this will continue to happen in the future.
Often the plumbing system has not been renewed, probably for cost reasons, which suggests that further damage will not be avoided. In addition, many residential insurers will generally not insure residential property if it has been cancelled due to one or more losses.
The combination of an old building, unrehabilitated plumbing system, prior damage and cancellation by the prior insurer often means that a residential building can only be insured with the exclusion for pipe water damage for now.
It is a good idea here to talk to the insurer about what options there are to still get insurance coverage for this. This can be done via a high deductible, a building condition report, a successfully passed and officially confirmed pressure test of the piping system, or even a complete rehabilitation of the supply and wastewater system.