Low Insurance Rates With Monolithic Domes, Part 2

The Tuttle’s agent, Noel D. Walton, understood that fire risk to the concrete dome house is almost zero, that there is no risk of damage from hail, and that the only risk is for the contents of the house, and not for the structure.

Walton, contacted the Texas Department of Insurance, seeking a risk evaluation of the Tuttle house. The Tuttles met with Willard Goss, a representative of the Texas Department of Insurance. Using blueprints, construction data and other information, Goss made a physical inspection and evaluation. Goss provided a rating that is far lower than the best conventional rate. The Tuttle’s dome structure rates at 60% of the brick rate. The dome structure rates 10% of the conventional rate for extended coverage and loss from windstorms, hurricanes and hail. The contents of the dome house rate at 20% of the premium for brick structures.

Insurance agent, Noel D. Walton, suggests that Monolithic Dome owners should look for a caring agent who is willing to do a little extra work to get a lower rate. Richard Baker, an Inspections Department Manager at the Texas Department of Insurance in Austin, says that Monolithic Dome structures should be evaluated as “noncombustible masonry.”

Seeking help from your state regulatory agency will be very helpful.

Reference:
Monolithic Dome Institute Article on Homeowners Insurance:

http://www.monolithic.com/gallery/homes/insurance/index.html