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

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Apr 23, 2024
6:59:07am

SouthernBlueBlood Truly Addicted User

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

Thinking of going that direction

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SouthernBlueBlood

Previous username: RoyalTX
Bio page: SouthernBlueBlood
Joined: Apr 11, 2010
Last login: May 3, 2024
Total posts: 44,069 (5,523 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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