Summerville | Orangeburg ☰ ˟
Dotterer Insurance
Summerville (843) 821-7548 | Orangeburg (803) 531-2004
  • Home
  • Products
    • Auto
    • Business & CommercialImage of right arrow
      • Workers Compensation
    • Commercial Property
    • Earthquake
    • Farm
    • Flood
    • Home
    • Life
    • Nationwide Express
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Watercraft & Boat
  • Blog
  • Resources
    • Refer A Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Dotterer Insurance
    • Our Locations
    • Community Events
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
  • Get a Quote
    • Auto Insurance
    • Homeowners Insurance
    • Business Owners (BOP) Quote Form
    • Commercial Auto Insurance Quote
    • Earthquake Quote
    • General Liability Quote Form
    • Farm Quote Request
    • Life Insurance Quote
    • Renters Insurance Quote
    • Umbrella Insurance Quote
    • Watercraft Insurance Quote
  • Areas of Service
    • Auto Insurance in Orangeburg SC
    • Auto Insurance in Summerville SC
    • Auto Insurance in Charlotte NC
    • Nationwide©?Coverage from?Dotterer Insurance
car

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
House

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Briefcase

Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Tractor

Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Man and heartbeat

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Umbrella

Umbrella

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Will Home Insurance Cover an Older Home?
THURSDAY, APRIL 22, 2021

Will Home Insurance Cover an Older Home?

insurance paperwork with red colored pencil pointing to the word insuranceIf you are purchasing an older home or your home is climbing higher in years, you may wonder if your options for home insurance are limited. The good news is that you can still insure an older home. The bad news is that you may pay higher premiums to insure an older home with home insurance. 

Older homes are seen as insurance providers as “high risk” primarily due to increased safety hazards that come with an aging home. As a home grows older, more issues can arise due to weakening foundations, structural complications and outdated materials. 

Of course, there is a difference between an older home that has been upgraded and a home that has not been upgraded in several years or even decades. In some cases, an insurance provider will require that the home meet certain improvements before insuring, primarily for safety and legal purposes. Homes must meet the certain requirements of their city and, if applicable, HOA rules. 

How Much is Home Insurance for an Older Home? 

The cost of your home insurance rates based purely on age may be only slightly higher than average, but this depends on several other factors, including the state of the home. If the home has not been upkept or upgraded, it will cost more to insure. 

Other factors influencing the rates of your older home’s insurance policy include: 

  • Location 

  • Claims history 

  • Coverage limits 

  • Credit score 

  • Deductible

 

Ask your insurance agent and shop around to compare quotes so that you can save money on home insurance for your older home. 

Is Home Insurance Required for an Older Home? 
Most homeowners are surprised when they discover that home insurance isn’t typically required by any state or federal law. However, home insurance may be required by a lender if you still have a mortgage on your home. On an older home, however, you may not have a mortgage to worry about. If the home is paid off, you will likely not be required to carry home insurance. This doesn’t mean that you should go without coverage, however. 

Not having home insurance leaves you open to more financial loss when it comes to an accident, storm, natural disaster or lawsuit. 

Speak with an insurance agent about protecting your older home and saving money on home insurance. Safety improvements can go a long way to save you money on home insurance. 

Posted 11:57 AM

Tags: home insurance, home insurance for older homes
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020

  • insurance(8)
  • auto insurance(4)
  • home insurance(4)
  • coverage(4)
  • commercial(3)
  • umbrella(2)
  • car insurance(2)
  • business insurance(2)
  • home(2)
  • liability(1)
  • requirements(1)
  • terms(1)
  • summerville(1)
  • disaster(1)
  • spring cleaning(1)
  • gap insurance(1)
  • ranch(1)
  • professional negligence(1)
  • preparation(1)
  • safety(1)
  • farm(1)
  • whole(1)
  • equipment breakdown insurance(1)
  • restaurant(1)
  • south carolina(1)
  • damage(1)
  • dangers(1)
  • fleet(1)
  • life(1)
  • general liability(1)
  • farm insurance(1)
  • commercial property insurance(1)
  • agriculture(1)
  • speeding ticket(1)
  • car(1)
  • home insurance for older homes(1)
  • business(1)
  • policy(1)
  • retirement(1)
  • flood(1)
  • earthquake(1)
  • truck insurance(1)
  • homeowners insurance(1)
  • trucking insurance(1)
  • vehicle insurance(1)
  • commercial property(1)
  • auto(1)
  • livestock insurance(1)
  • crop(1)

View Mobile Version

Contact Us Today!
(843) 821-7548

Facebook Twitter LinkedIn Google Yelp YouTube

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Blog
  • Contact Us
  • We proudly serve the following areas: Summerville, Orangeburg, Goose Creek, Moncks Corner, Ridgeville, Charleston, Mount Pleasant, St Matthews, Santee, & Swansea South Carolina

Contact Us

Summerville Office
870 College Park Road | Summerville, SC 29486

(843) 821-7548
Orangeburg Office
1628 Saint Matthews Road | Orangeburg, SC 29118

(803) 531-2004

© Copyright. All rights reserved. | Powered by Insurance Website Builder