Category Archives: Replacement Cost Coverage

Value of replacement cost coverage proven at claim time

Posted on March 15, 2012 by lynnem

Few first-time homebuyers may be as intent on understanding their property insurance policy as a young woman I met last week. I was impressed. She understood the importance of insuring to the home’s reconstruction cost, yet she was stumped on … Continue reading

Posted in Homeowners+Renters, Property insurance, Replacement Cost Coverage | Leave a comment

The value of understanding appraised value, market value & insurance value

Posted on February 22, 2012 by lynnem

If you matched your property’s insured value to today’s real estate value, you will be underinsured. If you matched your insured value to real estate value before the housing bubble burst, you would have been overinsured. Yes, it’s really that … Continue reading

Posted in Rebuilding costs, Replacement Cost Coverage | 2 Comments

Non-catastrophe losses up 80% in Florida; replacement cost law blamed

Posted on April 5, 2011 by lynnem

Florida is the only state that requires insurers to pay full replacement cost to policyholders without requiring them to repair their property or replace any of a home’s damaged contents. That is driving up the cost of insurance for all … Continue reading

Posted in General, Homeowners+Renters, Property insurance, Replacement Cost Coverage | 1 Comment