Home owners insurance is an important purchase to protect your investment; however, some homes are a lot harder to insure than others. These homes are referred to as “hard to place homes.” They are usually exposed to a large number or variety of risks, and insurance providers are more hesitant to provide coverage for them.

When insuring a “hard to place home” there are a multitude of reasons that hinder

  • Natural disasters: Homes in areas of the country that are more prone to disasters such as wildfires, earthquakes and hurricanes can be harder or more expensive to insure. Take steps to install weather-resistant additions to your home, such as a reinforced roof and shutters.
  • Vacation homes: If you don’t use your home throughout the year you may not be aware if it suffers damage, such as a break in or broken water pipe. If you own a vacation home, be sure to install a security system that will alert you if any damage occurs.
  • Dangerous features: If your yard has equipment such as a play-set, pool or trampoline, or if it’s located near natural hazards such as a steep drop or body of water, you could be held liable for damage done to anyone on your property. Be sure to install fencing to guard against natural hazards and prevent strangers from trespassing on your property.
  • The age of your home: Older homes may have outdated electrical or plumbing systems. Additionally, architectural features that add to its aesthetics could be costly to replace. Be sure to keep your Vanner Insurance Agency representative aware of any improvements you make to your home to make it easier for insurers to assess.

These plans act as an insurer of last resort, and can only be obtained if you’ve taken steps to seek out other insurance and have made improvements to your home to limit potential liabilities. If you would like a review of your homeowners insurance, contact Kim Stobnicki for more information.