How
is your home’s replacement value calculated?
The insurance industry uses a retail construction cost
estimator that is used by the construction industry. Demolition and debris removal are factored
in.
The value of your home will include decks
patios, attached garages, hot tubs, or any other attached structures.
Any time improvements are made to the property the estimator
will recalculate the value and keep it up to date.
Each year the insurance company will adjust the
amount insured to reflect the increased cost of construction that year.
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