Do I Need An Appraisal To Get Home Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    No, in most cases your home insurance is based on the replacement cost.  Your agent will either measure your home or obtain the information from the county auditor website.  They take in consideration the type of home, number of baths, construction, when it was built and a variety of other things to come up with replacement cost.  There is also a Market Value policy which pays just the market value of the policy.
    Answered on April 28, 2013
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