34 Days of Homeowners InsuranceDay 030 | What is Extended Replacement Cost? The storm that rolled through last week took your home and several of your neighbors.The demand for construction is on the rise. Your home is insured for $200,000. After meeting with your contractor you learn to rebuild your home exactly like it was […]
Replacement Cost
Market Value vs Replacement Cost
34 Days of Homeowners InsuranceDay 020 | Market Value vs Replacement Cost You bought your home for $220,000, but your insurance agent wants to insure your home for $290,000. Where did that number come from? Replacement Cost is how much it will cost to repair or replace your home in the same spot, using the […]
Replacement Cost vs Actual Cash Value: Which is Better?
34 Days of Homeowners Insurance:Day 001 | Replacement Cost vs Actual Cash Value: Which is Better? If your home suffered a loss today…fire, tornado, hail storm…you’re going to want to put all of the pieces back together as soon as you could, right? Replacement Cost vs Actual Cash Value can by confusing and extremely important. Replacement Cost […]
