Home Page Home Page Newsletter Contact Us Get A Quote
  • We're Here for You
    • About Us
    • Partners Page
    • Location Map
    • Employee Directory
    • Contact Us
    • Refer a Friend
    • Privacy Policy
  • For Individuals
    • Automobile Insurance Home
    • Homeowners Insurance Home
    • Life & Health Insurance
    • Recreational Vehicle
    • Renters
    • Umbrella
  • For Businesses
    • Business & Commercial Insurance Home
    • Bonds Home
    • Dental Insurance Home
    • Health Insurance Home
    • Life Insurance Home
  • Helpful Information
    • Important Links
    • Blog
    • Newletters
    • Insurance Glossary
    • Free Reports
    • Join Our Newsletter
  • Life's Questions - Answered.
    • How much disability income insurance do I need?
    • What are my long-term care insurance needs?
    • How much life insurance do I need?
    • Should I rent or buy a home?
    • Should I lease or purchase an auto?
Personal Insurance Business Insurance Life Insurance
Get A Quote
Home > Blog > The Cost of Rebuilding
TUESDAY, JULY 21, 2015

The Cost of Rebuilding

THE COST OF REBUILDING

 

             If a catastrophe were to render your home a total loss, your homeowners policy would pay up to the dwelling limit. If that amount is less than the cost to rebuild your home, you would be responsible for making up the difference. Your insurance agent can estimate the cost of rebuilding. This estimate is very important because most insurers require that you have a policy with a dwelling limit of 80 percent or more of the insurer-estimated cost to rebuild in order to get full replacement cost for partial losses. It is also essential to include an inflation guard clause that is tied to regional costs, which adjusts your coverage annually. An “extended replacement cost” endorsement is also recommended.

 

 

NOTE: An extended replacement cost endorsement provides coverage that exceeds the insured value, ideally for 20% to 25% above the dwelling limit.

Posted 9:36 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • hr updates(1)
  • auto insurance(1)
  • annuity(1)
  • operations management(1)
  • accident(1)
  • insurance(1)
  • pay equity act(1)
  • emergency(1)
  • physical damage(1)
  • future(1)
  • retire(1)
  • payouts(1)
  • collision(1)
  • repetitive stress(1)
  • professional(1)
  • payout(1)
  • role of insurance(1)
  • equal pay act(1)
  • sandy(1)
  • errors and ommissions(1)
  • hurricane(1)
  • payroll(1)
  • worker productivity(1)
  • frankenstorm(1)
  • risk management(1)
  • comprehenisive(1)
  • keyboard strain(1)
  • mistakes(1)
  • auto(1)
  • human resource(1)

View Mobile Version
JED Insurance and Financial Service Agency, Inc I 30 Mechanic St. Ste 5 I Foxborough, MA 02035                                                 Powered by Insurance Website Builder
                                                                                                                                                
Privacy Policy  &  Terms of Use     

 

© Copyright 2013 J.E.D. Insurance and Financial Services, Inc. All Rights Reserved.

 

 

Home Page About Us Our Services Newsletter Get A Quote Contact Us Home Page Like us on Facebook LinkedIn