Old House Owners: Factors That Affect Your Insurance
If you're purchasing a historic home, you might be dismayed to discover that your insurance costs are higher than you thought they might be. Unfortunately, there are some aspects of older homes that can increase insurance costs. Here are common insurance factors and what you can do about them.
1. The presence of old wiring.
Many older homes do not have updated electrical systems. Some outlets, for example, may not be grounded.
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