Can I get insurance for older homes?
Can you still get insurance for older homes? Yes — and here’s how to lock it in fast.
Quick answer
Yes. You can get insurance for older homes. Insurers evaluate risk, not the year on the deed. With the right inspection, updates, and strategy you can secure strong coverage at a fair price.
Why insurers hesitate — and how to fix it
Insurers worry about hidden risks: old wiring, outdated plumbing, roofs near end-of-life, and materials like knob-and-tube wiring or lead piping. Fixes that matter:
- Electrical upgrades (breaker panels, replace knob-and-tube)
- Modern plumbing (PVC or copper in key sections)
- Roof repair or replacement if shingle life under 10 years
- Updated heating and safety systems (furnace, smoke and CO alarms)
Make targeted repairs, get receipts, and get a licensed inspection report. That report changes your risk profile immediately.
What underwriters look for
Insurance companies focus on:
- Replacement cost vs. market value
- Construction materials and roof age
- Electrical, plumbing, and HVAC condition
- Proximity to fire hydrants and fire department
- Claims history and vacancy periods
Provide clear documentation on each item. That’s how you move from high-risk to insurable.
Cost expectations and coverages to ask for
Premiums for older homes can be higher. But costs fall when you mitigate risk. Ask about:
- Replacement-cost dwelling coverage (not just market value)
- Endorsements for sewer backup, overland water, and historical restoration
- Liability limits — older homes can invite more visitors and contractors
- Agreed value or scheduled items for vintage fixtures
Shop at least three carriers. Some specialize in older or historic homes. Compare deductibles and specific exclusions.
Proven path to approval (do this today)
- Order a licensed home inspection and electrical/plumbing check.
- Make critical repairs with licensed contractors. Keep receipts.
- Compile documentation: photos, receipts, inspection reports, and maintenance records.
- Contact an experienced local broker or agent who places older-home risks.
- Get multiple quotes and negotiate endorsements.
Avoid these rookie mistakes
- Don’t guess on ages of systems—get proof.
- Don’t hide past claims. Honesty gets better offers.
- Don’t accept the first quote without checking endorsements.
Why work with a local expert
Local agents know which carriers will write older homes in your area. They understand municipal requirements and inspector expectations. They can present your property so underwriters see risk reduction, not risk alone.
For a fast, local assessment and comparisons tailored to older homes in the Toronto area, contact Tony Sousa. He’ll review your inspection, recommend cost-effective fixes, and shop carriers that actually insure older houses.
Email: tony@sousasells.ca
Phone: 416-477-2620
Website: https://www.sousasells.ca
Insuring an older home is 80% documentation and 20% repairs. Do both well and you’ll get the coverage you need — and protect a piece of history.
