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Building Structure Insurance Policies Wheeling WV

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.

E. A. Lambert Agency
(740) 633-0343
111 S 4th St
MARTINS FERRY, OH
Services
Homeowners Insurance

John L. Harler Agency
(304) 845-6606
903 Wheeling Ave
GLEN DALE, WV
Services
Homeowners Insurance

James Richard Hott Agency
(304) 856-3810
Main St
CAPON BRIDGE, WV
Services
Homeowners Insurance

The Rivers Idependent
(304) 422-8476
200 Star Ave
PARKERSBURG, WV
Services
Homeowners Insurance

Riedman Insurance
(304) 325-2421
Plaza 460 P.O. Box 1420
BLUEFIELD, WV
Services
Homeowners Insurance

Stanley S. Norek Agency
(740) 676-3242
3814 Central Ave
SHADYSIDE, OH
Services
Homeowners Insurance

Ronald P. Pizzoferrato Agency
(740) 535-0487
664 Commercial St
MINGO JUNCTION, OH
Services
Homeowners Insurance

James W. Stevens Agency
(304) 824-5300
8048 Lynn Ave
HAMLIN, WV
Services
Homeowners Insurance

Jones Insurance Agency
(304) 725-5567
179 East Burr Boulevard Unit J
KEARNEYSVILLE, WV
Services
Homeowners Insurance

Harold K. Michael Agency
(304) 538-6225
125 S Main St
MOOREFIELD, WV
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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