How Much Home Insurance Should You Have?

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   Louis Giella

   Giella Insurance Agency, Inc, Zephyrhills, FL

   All home insurance carriers have replacement cost estimators designed to calculate replacement value of a home in the event of a catastrophe.   Carriers don't look at purchase price, appraised value or taxable value when calculating replacement cost.  Often I have a customer tell me that their home isn't worth what we have it insured for or they could rebuilt it for less money.  But they rarely factor the cost of replacing a home after a catastrophe when material and labor costs skyrocket.

   Answered on January 28, 2014

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