The older your building, the more likely it is to be inadequately insured.
Do you really know what your historic property is worth?
Have you thought about what it might cost to repair those features that were created by craftsmen decades ago?
Are you aware that standard policies won't fully pay to replace what you own because most insurance companies don't adequately estimate the value of historic properties?
Quite simply, if you own a historic building, you're probably greatly underinsured.
The Hidden Cost of Historic Reconstruction:
Historic buildings aren't like other properties. If damaged, they're likely to require:
In the event of loss or damage, there's only one policy in the insurance industry that will restore your commercial building to its former grandeur- our Historic Property policy. It includes groundbreaking coverage and some of the most flexible valuations in the industry...everything from the cost of replacing a hand-carved door to hiring an expert able to document your rebuilding.
Here's a sample of what's covered
Do you really know what insurance coverage your client needs? When damaged, a historic building may require:
You don't need to be certified to qualify for historic coverage.
All currently certified historic buildings are eligible, as well as buildings that could be certified or are located in a historic district. However, just about any building that exhibits historical character, materials, and workmanship can be covered by this policy, whether certified or not.
National Trust Insurance Services, LLC (NTIS), a subsidiary of the National Trust for Historic Preservation, prides itself on learning the unique exposures and story of each historic property and working in conjunction with our carrier partners, we can secure a comprehensive policy that will protect that story, and structure, for years to come.