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Building Structure Insurance Policies Grants Pass OR

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-Simion Gorea
(503) 296-6711
2112 Nw Northrup St
PORTLAND, OR
Services
Homeowners Insurance

USI Northwest
(503) 224-8390
700 NE Multnomah St Suite 1300
PORTLAND, OR
Services
Homeowners Insurance

American Family Insurance - Robert Lamont
(503) 848-8818
731 Sw 185th Ave
BEAVERTON, OR
Services
Homeowners Insurance

American Family Insurance - Mark Hanson Agency- Inc.
(503) 636-3507
21780 Willamette Drive
WEST LINN, OR
Services
Homeowners Insurance

American Family Insurance - Nathan Alexander
(503) 656-6555
19093 S Beavercreed Rd #351
OREGON CITY, OR
Services
Homeowners Insurance

Allstate Insurance-Abel Insurance Agency
(541) 267-4124
93704 Newport Ln
COOS BAY, OR
Services
Homeowners Insurance

Ken Reinking Insurance
(541) 461-0348
1035 River Road
EUGENE, OR
Services
Homeowners Insurance

Fullerton & Company Inc
(503) 274-6511
2701 NW Vaughn St Ste 776
PORTLAND, OR
Services
Homeowners Insurance

American Family Insurance - Victor Caceres
(503) 547-2997
1967 Ne Cornell Rd
HILLSBORO, OR
Services
Homeowners Insurance

American Family Insurance - Kazem Abunnadi
(503) 520-0794
11855 Sw Ridgecrest Dr Ste 215
BEAVERTON, OR
Services
Homeowners Insurance

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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