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Old 12-23-2011, 11:24 AM
 
24 posts, read 55,049 times
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If you buy a older home built before 1985, before the new codes were made on roofs, etc.. does this make homeowners much higher? I was told this and just wanted to know if anyone else knows about it? What would be the average amount for homeowners on a $99,000 home for good coverage?
Thanks for help
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Old 12-23-2011, 11:35 AM
 
Location: Asheville, NC
12,626 posts, read 32,071,214 times
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Quote:
Originally Posted by pa2az2012 View Post
If you buy a older home built before 1985, before the new codes were made on roofs, etc.. does this make homeowners much higher? I was told this and just wanted to know if anyone else knows about it? What would be the average amount for homeowners on a $99,000 home for good coverage?
Thanks for help
I don't know what it would be but the codes changed after 2001 I believe. My insurance company told me that is where you get the break. I pay about $600 on a 1600 sq ft home built in 2004. I wouldn't think it would be more than $1200 if I had to guess.
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Old 12-26-2011, 01:03 PM
 
24 posts, read 55,049 times
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Anyone else have ideas? I was also looking for comprehensive sink hole added to the homeowners insurance.
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Old 12-27-2011, 10:24 AM
 
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You will have to get several bids on insurance, but in FL, homes take a beating from the weather, heat, etc....did the previous owner take care of the home? Do you have copper pipes? In FL, there is an problem where the copper pipes eventually leak in the foundations and you have to have them routed through the attic. Not a big problem, but it costs you to repair. Some insurance companies don't like the older homes past a certain point so you might have a problem in the future.
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Old 12-27-2011, 11:15 AM
 
Location: Spring Hill Florida
12,135 posts, read 16,128,302 times
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In my neighborhood the comprehensive adds about $1k.

Quote:
Originally Posted by pa2az2012 View Post
Anyone else have ideas? I was also looking for comprehensive sink hole added to the homeowners insurance.
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Old 12-27-2011, 11:25 AM
 
Location: Spring Hill Florida
12,135 posts, read 16,128,302 times
Reputation: 6086
Yep. The newer the house is going to cost less to insure due to the construction codes at the time it was built. Better built (hopefully)
means less premium. Older homes cost more to insure.

To answer the original question, most older homes eventually got their roofs redone in the more recent past and they've got to make it "code" before they put on the plywood. Hurricane strapping of all the trusses and beams is one of the requirements of the code, that's been around a while, probably since Andrew. The size and spacing of the nails on the shingles make a difference.

If the house already has it done, that is better because you can get a discount on your premiums for that roof being up to code. There are several "mitigation" steps you can take to reduce the premium. The insurer will even send out an inspector to do the inspection, at a small cost to the homeowner.




Quote:
Originally Posted by beckycat View Post
I don't know what it would be but the codes changed after 2001 I believe. My insurance company told me that is where you get the break. I pay about $600 on a 1600 sq ft home built in 2004. I wouldn't think it would be more than $1200 if I had to guess.
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