The Costs of Replacing Your Home

The Replacement Cost of your home is a critical and under-appreciated aspect of determining the financial risk of loss you face. For most insurance policies, the most you can ever recover from that policy is the ACTUAL replacement cost as estimated at the time of a claim. If the amount listed in your policy is too high, you are paying for coverage you will never recover. If the amount is too low, your insurance company may impose a penalty (called a co-insurance penalty) at the time of claim, limiting your total recovery. The best course of action when it comes to understanding your risk of loss and how much you wish to retain and how much you wish to transfer to an insurance company is to do a sound calculation and share the result with your insurance carrier(s) to minimize confusion at claims time. Here is our estimate for your home

Your Building

Livable Area = 3734 sqft to 4,095 sqft Cost = $215/sqft Total Replacement Cost = $802,810 to $880,425

Your Contents

TBD: Requires Inspection

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