We offer a wide variety of insurance services that cover a number of liabilities and risks for businesses, historic preservation societies, and more. And while having multiple protection options for your property, be it historic or modern, is an upfront benefit, having too many options may cause some confusion.
Specifically, for historic property owners, having specialty insurance may come with its own questions and concerns. That’s why we’re here to answer some of the top questions we receive on a regular basis to help outline how we can provide the best service that fits the needs of your historic property.
How is Valuation Calculated?
We make sure to look over valuation with a sharp eye. We spend a good deal of time on the value of an insurance policy and how it can best serve your property. We look at multiple calculations to get the most comprehensive answer to these questions. Run internally, and using references to past buildings we’ve appraised, we look to provide an up-to-date and well-rounded number for your property.
What’s more, we have a database of more than 5,000 appraisals to pull from and compare to similar structures.
Can All Lines Be Written?
We cover a wide-reaching group of insurance lines. Property, general liability, commercial auto, and umbrella are our main lines we focus on, but we are able to accommodate all lines with certain exceptions. While we don’t cover management liability, for example, we can work within your boundaries to see what the best kind of coverage is right for you.
What is Designated as Historic?
This is a question we get on a regular basis as it can seem like a matter of perception. What’s considered historic to one insurance provider may not be considered as such to another. Properties listed on the National Register of Historic Places or a state or local register are automatically considered historic, and this can easily be looked at as a universal reference. Plus, any building built before 1950 and having the same coverage needs as listed in the designated historic properties can be known as such.
Is General Liability for Land or Large Acreage Offered?
Yes, in fact, many of our Historic Sites and Event Venues are built on large lots of land or rural locations. With the right protection as well as risk mitigation, we are very confident that we can protect the exposures that are present with large lots of land.
The same goes for special events as we include coverage for Special Events for events that hold less than 1,000 attendees. Events with more than that number can be accommodated within reason and additional underwriting information.
For more information on how we can best accommodate your historic property’s needs and to see more frequently asked agency questions, head to our website or call us today.