Why does my insurance company care if I have vaulted ceilings?

Does having vaulted ceilings increase the rate of my insurance policy? I am shopping around for a new homeowner's policy and noticed that every company inquires about my ceilings. They are cathedral ceilings, approximately 15' high. Can this make my policy cost more?

Answer
“Having cathedral or vaulted ceilings may slightly increase the rate of your insurance policy.
The dwelling portion of a homeowners insurance policy covers the replacement cost of the primary structure. Since a cathedral ceilings use more materials than a standard ceiling, it will cost more to replace.
Between materials and labor, the cost of a cathedral ceiling is around $18,000. This seems like a lot, but if your dwelling coverage is $300,000, $18,000 more will not increase the premium that much.
You will want to answer any questions about your home honestly to make sure you are adequately covered. Be sure to include things, like:
  • high-end appliances
  • upgraded kitchens
  • upgraded bathrooms
If you don’t include these, there is a chance you will end up with builder’s grade replacement if there is a loss.
If you are questioning the cost of your insurance policy, it is time to re-shop both your home and auto insurance policies. By bundling your auto and home insurance, you can save with a multi-line discount.
Use the free Jerry app to help make this happen! Jerry collects auto and home quotes from over 50 companies and brings the lowest available rates right to your phone.”
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Shannon Martin
Answered on Jul 27, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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