You already own the property so rebuild is cheaper

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Apr 23, 2024
6:49:55am

Dark Forest Green All-American

You already own the property so rebuild is cheaper

This message has been modified

Originally posted on Apr 23, 2024 at 6:49:55am

Message modified by Dark Forest Green on Apr 23, 2024 at 6:50:06am

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Dark Forest Green

Previous username: BYUALWAYSNUM1
Bio page: Dark Forest Green
Joined: Oct 18, 2011
Last login: Jun 8, 2024
Total posts: 26,320 (898 FO)

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Messages

Author

Time

Home insurance question- should your coverage match the value of the home?

SouthernBlueBlood

Apr 23, 6:12am

Should match the rebuild cost which may or may not be the value imo

JamieTartt

Apr 23, 6:18am

This is correct. The rebuild cost can be more or less than the resale value. A lot of companies use a rebuild calculator

Chemish

Apr 23, 7:13am

Usually less because it doesn't include land value.

LifeLongLakerFan

Apr 23, 7:21am

You already own the property so rebuild is cheaper

Dark Forest Green

Apr 23, 6:49am

That what I would think. Got a quote for less than appraised value in coverage

SouthernBlueBlood

Apr 23, 6:59am

Then make sure it includes extended replacement cost just in case. Depending on

blueaussie

Apr 23, 7:26am

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