The rest of the house has the original knob & tube wiring. The bedrooms each have a wall sconce as the only source of electricity. The sconces all have adaptors with 2 or 3 taps (sorry, I don't know what they are called) so the sconces provide not just light but have a bunch of extension cords coming out of them.
The other rooms have 1 or 2 old nonpolarized electrical outlets each, and each outlet can receive just one plug. Most of the outlets are in the floor.
The house is constructed of double brick and most of the interior walls are single brick with a layer of plaster. An old family member told me the original electrician dug a groove in the plaster to get the wire up to the bedroom wall sconces. (I have no problem with the idea of running raceway along the baseboards or up the walls as long as I can paint it.)
The house is on a circuit breaker and there is a 220 line to the electric range in the kitchen.
The house is currently unoccupied and I have just a fire insurance policy on it, because I can't get homeowners without moving in. If I move in, my current insurance company wants me to completely replace the knob & tube in order to qualify to get homeowners insurance (and will still charge a fortune after that, but that's another issue).
Ideally, I would have the whole place rewired and bring it up to code. Realistically, I know it's going to cost an arm and a leg to do that.
My question is: under these circumstances, how much rewiring should I have done to make the place safe and have a reasonable amount of electrical service to each room?
Sorry for the long post, I just wanted to explain all the conditions.
Thanks for your opinions! Sara