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Insurance Matters To Be Aware Of When Listing Or Purchasing A Home

  • Homes over 25 years of age require upgrades or maintenance to the heating system.  Acceptable heat is electric, forced air, radiant heat fueled by natural gas, propane or oil.  Furnaces should be serviced annually.
  • Above ground oil tanks older than 20 years are not accepted and dwellings with underground oil tanks are not eligible for coverage.
  • Plumbing should be copper or PVC.  Galvanized or polybutylene plumbing is generally not accepted by most insurers.
  • Hot water tanks should not be older than 15 years.
  • Wiring needs to have a minimum of 100 amp service.  60 amp service, knob and tube wiring and fuse boxes rather than a breaker box are no longer acceptable.  Aluminum wiring is not acceptable with some insurers.
  • Asphalt shingle roofs over 25 years would likely be a problem and should be replaced.
  • Auxiliary wood heating:  Airtight fireplaces or stand alone airtight stoves must be ULC, CSA or Warnock-Hersey labeled and professionally installed.