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Joshua Putnam Joshua Putnam is offline
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Default Question on homeowner's insurance?

In article .com,
says...
The house was new when i bought it 2 yrs ago. No claims on it. Rita
came through to the east side of my city last year. However, my agent
never mentioned about the Hurricane causing the increase. He just said
the property value went up.


Perhaps he simply did an inadequate job of explaining the increase in
construction costs after the hurricane. If your house is insured at
replacement cost, and if the cost of construction sees a sustained
increase because of all the rebuilding going on, then your replacement
cost should also go up to cover the increase in what it would cost to
rebuild your home.

--
is Joshua Putnam
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