Welcome to National Trust Insurance Services, LLC
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:
- Highly skilled craftsmen, from decorative artists and muralists, to stonemasons
- Hard to match materials, like hand-hewn timbers and vintage brick shapes
- Extra time to rebuild because of the labor-intensive process of historic renovation
- Additional professional services to assist in areas like recertification and recovery of tax benefits
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. Historic Replacement Cost coverage is the cost to repair or replace with the same materials, workmanship, and architectural features as the original building. If they aren't reasonably available, the carrier will pay to replace or repair with materials, workmanship, and architectural features that most closely resemble those present before the loss.
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:
- Increased cost of construction due to landmark as well as other building ordinances or laws
- Increased time to restore your property due to operation of landmark and other building laws
- Historic certification expenses
- Loss of federal, state, and local tax benefits
- Increased building assessments
- Green building upgrades to enhance the energy efficiency of your property where possible
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.