How do you determine the replacement cost of your home?
How do you determine the replacement cost of your home?
Home replacement cost is the total amount required to rebuild your home to its original standard. Your dwelling limit must be at least 80% of your home’s rebuild value to be fully covered. Home replacement cost can be calculated by multiplying your area’s average per-foot rebuilding cost by your home’s square footage. 3 days ago
Does replacement cost include soft costs?
Replacement cost does not take into consideration improvements necessary to conform to change building codes, demolition, debris removal, site accessibility, reuse of building components or services, overtime, bonuses for labor, abnormal soft costs, extraordinary fees, premiums for materials, and other various … Mar 22, 2016
What does U1 mean on insurance card?
Uninsured Motor Vehicle Coverage (U and U1) Coverage U pays damages when an insured is injured in a car accident caused by another person who does not have any liability insurance.
