Does Construction Really Matter?
Have you talked to an agent about quoting your home insurance and they asked what type of construction your house is? Would you know the answer? I wouldn't have before we learned the insurance business. Most people we talk to don't even think about the construction. They like the way it looks and they usually assume it was built well. Does the type of construction really matter? Yes!So why does the construction of your home matter on your insurance policy?
Well it can determine how easily your home can be damaged and how much it will cost to repair/rebuild after the damage. Each construction type will have a different set of rates. These rates will primarily depend on how susceptible the type is to certain perils, such as wind and fire.
Most buildings are one of six construction types:
Frame/Brick Veneer is the most common. The exterior walls are framed and supported by wood or steel frame. Brick veneer, stone veneer, wood ironclad or stucco on wood are included in this class because they do not support the structure. They are constructed over the frame. This is the easiest construction to damage, but it is also the least expensive to use in construction, making it the most used in residential construction.
Joisted Masonry consists of exterior walls of masonry materials such as brick, concrete, adobe, concrete block, stone, tile or similar materials. This construction is usually combined with a combustible floor and roof. This class is less likely to be damaged than Frame, but it is also more expensive to use.
Non-Combustible consists of exterior walls, floor and supports made of noncombustible materials, including metal, asbestos or gypsum. These buildings are less likely to burn, but they can be susceptible to wind. They have no drywall, insulation or exposed wiring, so they are less expensive to build than the other types.
Masonry Non-Cumbustible consists of the same material as Joisted Masonry but the floors and roof are made of noncombustible materials, such as heavy steal or poured concrete. This is used mostly in commercial buildings. This class is sturdier and harder to damage, making it safer.
Modified Fire Resistive consists of exterior walls, floors, and roof of masonry or fire-
restrictive materials with a resistance of at least one hour, but less than two.
Fire Resistive consists of exterior walls, floors, and roof of masonry or fire resistant materials with a resistance of at least two hours. Both Modified and Fire Resistive are used in large commercial buildings. They are very sturdy (if built correctly) and can hold many people and property.
The type of construction should be listed on your pre-sale inspection (which hopefully you still have!). Knowing this information can make quoting easier and more accurate. If your agent isn't asking these questions, they may be looking online, but that information isn't always accurate. Be careful in assuming the agent has the right information. It's best if you know the answers yourself. It's your policy, meant to protect you. Be sure you know your coverage you have is what you need for the home you own!
There are
three ways to request a quote for your insurance needs:
* Call Brockman
Premier Insurance at 877-987-8683
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