Quote:
Originally Posted by BlackArcher101
They can't insure a house at that age? For what godly reason? Is there something fishy with the property like a wood burning fireplace they want inspected first?
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When we moved from a new house to a 1960s home we were not eligible for near the same level of insurance. And our premiums went up significantly even though home size and therefore replacement value should have been somewhat similar? I asked why we couldn't get the same level and they said because of age. I am totally confused about this too. Is my house more likely to burn down because of its age? More likely to be broken into? I guess there could be a higher likelihood of a pipe break but nothing else really seemed to make sense and they could not provide me with anything other than it's old. If any insurance people have insight I would love to hear it!