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Building Structure Insurance Policies Ankeny IA

You probably have a good idea of what your home is worth. If not, you can make a reasonable guess based on your local real estate listings. You can even speak to a real estate agent directly. They often offer free estimates of your home's worth and the exercise can be very interesting. It's usually a 'no obligation' estimate - but ask and be sure.

Doubleday Insurance Agency Inc
(515) 964-0637
110 Southeast Grant Street Suite 203
Ankeny, IA
 
Nelson Brothers/schroder
(515) 274-4785
3621 Douglas Ave
Des Moines, IA
 
Brookslussem Insurance Inc
(515) 243-4289
10546 Justin Drive
Urbandale, IA
 
Advantageclive Insurance
(515) 222-4884
8421 University Boulevard Suite G
Clive, IA
 
Cottingham And Butler Inc
(319) 583-7344
300 Stampfer Bldg P.o. Box 28
Dubuque, IA
 
Allstate Insurance Nathan Hilton
(515) 270-4818
5713 Madison Ave
Des Moines, IA
 
Holmes Murphy And Associates Inc
(515) 223-6800
420 Watson Powell Jr Way
Des Moines, IA
 
Wells Fargo
(515) 245-3173
666 Walnut St
Des Moines, IA
 
A1 Insurance
(515) 440-0829
8421 University Boulevard Suite G
Clive, IA
 
Cook Insurance
(641) 642-3612
104 N Main
Moulton, IA
 

Building Structure Insurance Policies

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Structural Home Insurance

If you own the building you should have home insurance to insure the building. While this most often applies to the home you own and live in it also applies to buildings you own and rent.

The home insurance coverage should pay for repairing or rebuilding if your home is either damaged or destroyed by one of the named perils on the policy. Most home insurance policies will not pay for damage by earthquake or flood. Protection for earthquake or flood would require a special perils policy.

You probably have a good idea of what your home is worth. If not, you can make a reasonable guess based on your local real estate listings. You can even speak to a real estate agent directly. They often offer free estimates of your home's worth and the exercise can be very interesting. It's usually a 'no obligation' estimate - but ask and be sure.

Now, if you paid $250,000 for your home you should have $250,000 in home insurance for the structure, right? Wrong. The $250,000 you paid will include the cost of the land itself, which you shouldn't have to re-build (If you live in an earthquake prone area this may not apply to you! But you'll need special "peril" coverage).

What you want to insure is the building - and you want to insure it for repairs or re-building. Assuming that 1/5 to1/4 of the cost of a home in an urban area is the lot then you will need home insurance for the structure to the tune of $160,000 to $200,000 on a $250,000 purchase price.

Not comfortable with that amount of insurance? To be really sure get an appraiser who will appraise the house separately from the building lot.

Remember, you will have to revisit your home insurance regularly - yearly is great (on the renewal of the policy), but at least every 3 to 5 years. Costs of repairs increase, just like everything else.

Read more general information about Home Insurance Policy , Condo Insurance and Renters Insurance . Read specifics about Structural Home Insu...

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