Home Insurance in Wellsburg, New York
With a median home value of $97,900, Wellsburg is 31% lower than the Chemung County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Wellsburg was built around 1964. About 47% of homes were built before 1960, about 11 points below Chemung County's 58%.
In Wellsburg, the housing stock is 70% single-family homes and 27% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
58% of owner-occupied homes in Wellsburg carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 89% of occupied homes in Wellsburg are owner-occupied.
81% of homes in Wellsburg are primarily heated with natural gas.
What's the biggest home insurance risk near Wellsburg? FEMA's National Risk Index points to inland flooding (Relatively Low) in Chemung County and Chemung County had 489 active NFIP flood policies as of September 2026. See the full Chemung County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $97,900 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Chemung County | 489 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)