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Building Structure Insurance Policies Casper WY

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.

Allstate Insurance-Hepner Agency Inc.
(307) 266-2116
2510 E 15th St Ste 11
CASPER, WY
Services
Homeowners Insurance

Laramie Investment CO Inc
(307) 742-2103
104 South 5th Street
LARAMIE, WY
Services
Homeowners Insurance

De Cora Agency
(307) 742-6099
1472 N 5th St Suite 108
LARAMIE, WY
Services
Homeowners Insurance

Allstate Insurance - Amber Kramer
(307) 362-8090
1471 Dewar Drive Suite 115
ROCK SPRINGS, WY
Services
Homeowners Insurance

A & A Insurance Services
(307) 472-4800
111 S Jefferson St Ste 150
Casper, WY
 
Barlow Agency Inc
(307) 682-9397
601 4J Court
GILLETTE, WY
Services
Homeowners Insurance

Riedman Corporation
(307) 635-2222
2424 Pioneer Ave Ste 405
CHEYENNE, WY
Services
Homeowners Insurance

Farmers Insurance Group - Tammen Tom
(307) 634-9011
4110 Ridge Road
CHEYENNE, WY
Services
Homeowners Insurance

Allstate Insurance-Hepner Agency Inc.
(307) 266-2116
2510 E 15th St Ste 11
CASPER, WY
Services
Homeowners Insurance

New York Life Insurance Company
(307) 266-1485
104 S Wolcott St
Casper, WY
 

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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