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Building Structure Insurance Policies Minot ND

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.

Hektner Lybeck Erickson Insurance
(701) 293-0011
3345 39th Street South
FARGO, ND
Services
Homeowners Insurance

Bob Roesler Agency
(701) 271-6902
15 Broadway
FARGO, ND
Services
Homeowners Insurance

McClintock Agency
(701) 776-2242
415 3rd Avenue Southwest
RUGBY, ND
Services
Homeowners Insurance

Farmers Union Insurance Cooperae Insurance Agency
(701) 572-3292
Western Co Op Credit
WILLISTON, ND
Services
Homeowners Insurance

Allstate Insurance - Patrick N Stocking
(701) 223-4548
1929 N Washington St
BISMARCK, ND
Services
Homeowners Insurance

Fargo-Moorhead Insurance-Fmi Inc
(218) 236-8227
215 8th Street South
FARGO, ND
Services
Homeowners Insurance

James River Insurance Agency
(701) 252-1322
824 1st Avenue South
JAMESTOWN, ND
Services
Homeowners Insurance

Farmers Insurance Group
(701) 235-6409
1815 S University Dr
FARGO, ND
Services
Homeowners Insurance

Kramer Agency Inc
(701) 255-4502
322 E Main Ave
BISMARCK, ND
Services
Homeowners Insurance

Weber Insurance Agency- Inc.
(701) 347-5954
606 1st Street North
CASSELTON, ND
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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