Brownstones and other historical homes feature unique architectural elements and antique details that are truly special. If damage or destruction occurs to these buildings, having the right insurance coverage to rebuild and restore these details is essential.
Muller Insurance is an independent insurance agency that works with more than 20 leading insurance companies to provide an array of policies for clients in New York, New Jersey, Massachusetts, and other states. Here, we discuss how to find the right insurance for historic buildings like brownstones.
Basics of Insuring Historic Homes
If you own a brownstone townhouse or another historic building, they often have distinctive architectural features or are made with materials that aren’t common in the modern day. Therefore, these buildings require a comprehensive insurance policy to ensure their architecture and history are preserved after a claim is filed. A standard homeowners’ insurance policy doesn’t provide adequate protection for these historic buildings, so a specialized historic home insurance policy is needed.
If you don’t pursue a historic home insurance policy, you can opt to bundle other insurance policies like homeowners,’ liability, and property insurance, along with enhancements like ordinance or law coverage. Ordinance or law coverage helps protect the building owner from paying out-of-pocket expenses if required upgrades are needed to meet current building codes. These different policies help ensure that historic homes will be restored to their original condition after a claim is filed.
If you’re a brownstone owner and rent it out to tenants, you will need to pursue landlord insurance. This coverage helps protect you against loss of rental income due to extensive damages, accidental or malicious damage to the building, liability for damages or injuries that occur in common areas of the property, and more. Landlords should also encourage their tenants to obtain renters insurance to protect their personal belongings inside the unit from covered events.
How to Find the Right Insurance for Historic Buildings
When it comes to insuring your historic building or home, the best way to get the ideal policy for your needs is by working with an independent insurance agency like Muller Insurance. For more than 118 years, Muller Insurance has been providing a vast selection of insurance policies to clients from more than 20 top insurance companies, including Travelers, Plymouth Rock, N&D Group, and more.
The great thing about working with an independent agency is that they have access to policies from different insurers and can offer packages from a variety of providers to find you the perfect policy to fit your needs. These policies can be tailored to our client’s specific circumstances, needs, and budgets to help them and their historic buildings stay protected. At Muller Insurance, our team can often identify bundling opportunities to help you save money on insurance costs.
Companies at Muller Insurance That Offer Insurance for Historic Homes
By working with a range of leading insurance companies, Muller Insurance can offer you the coverage and policies you need. One company we partner with that offers historic home insurance is Chubb Insurance, which offers a Masterpiece City Home Insurance policy that is ideal for historical homeowners in cities. This comprehensive policy is customizable to protect your city home and its historic details. Chubb pays attention to the unique details of each city home to help ensure that repairs and restorations are properly performed. They’ll also pay to bring the damaged areas up to existing building codes and will pay fair rental value if you rent out your building and lose rental revenue during reconstruction.
Another company that offers coverage and enhancements for older homes is The Andover Companies. They have a Superior Home Protection Plan designed to insure well-maintained, owner-occupied one- and two-family dwellings in New York that have been constructed since 1925. This policy provides guaranteed replacement of your home. Ordinance and law coverage can also be added to this policy to provide additional protection when bringing older buildings up to code.
Muller Insurance also works with companies that offer apartment building insurance, owner-occupied dwelling insurance, tenant-occupied dwelling insurance, and more. Whatever coverage you need for your historic home or building, we can help you find the perfect fit.
Contact Muller Insurance for Assistance Insuring Your Historic Home or Building
If you’re lucky enough to live in a beautiful brownstone or a similar historic building with unique architecture and history, make sure to properly insure it so it can be restored properly in the event of a claim. Muller Insurance is here to assist you in finding the right policies at affordable prices. Our decades of service and exceptional customer service have created a strong reputation that clients in New Jersey, New York, Connecticut, Pennsylvania, and other states can count on for their insurance needs. To learn more about our insurance for historic buildings options, get a quote or contact us today.
