Insurance for Wade, Ridge Road and Lake Boone Trail homes

Around Wade / Ridge Road

• Wade Avenue
• Ridge Road
• Lake Boone Trail
• Ridgewood Shopping Center
• Jaycee Park
• UNC Rex Hospital
• Oberlin Road
• I-440 Beltline

Original mid-century ranches

Much of the area was built after World War II with brick ranch homes on generous lots. Insurance companies look closely at the age of the roof, the electrical panel and the plumbing in homes of this era. If you’ve updated those systems, keep the dates and invoices handy, because they can widen your options.

Teardowns and new construction

Many lots near Wade Avenue and Lake Boone Trail have been redeveloped with larger homes. A house under construction usually needs a builder’s risk policy, which covers the structure and materials during the build, including theft of materials from the site. Confirm in writing whether you or your builder is buying it.

Before work starts, ask your contractor for certificates showing general liability and workers’ comp. If an uninsured worker is hurt on your property, a claim can land on you.

Major renovations and additions

Tell your insurance company before a major renovation. If you move out during the work, the home may be considered unoccupied or vacant under your policy, which can limit coverage. When the project is done, raise the dwelling limit to reflect the new kitchen, the addition or the finished space.

Higher-value homes and valuables

A new custom home can cost far more to rebuild than a simple per-square-foot estimate suggests. High net worth insurance companies offer broader replacement cost, higher limits for water backup and cash settlement options. Jewelry, art and collections usually need to be scheduled, and an umbrella policy rounds out the liability side.