DIYbanter - View Single Post

In article ,
says...

"Joshua Putnam" wrote in message
...
In article ,
says...

I think your making a moutain out of a mole hill here. If the house burns to
the
ground you get a estimate from a contractor to replace the house as it was
and a
estimate to replace the content. You give that figure to the insurance
company
that is the amount of the check is to be written to you minus the deductiable
amount.

*If* you elect to have the home rebuilt, replacement cost coverage will
pay for that. If you don't you will be paid the actual cash value of the
home.

You read repair section which is what I said and then total replacement section
what was exactly what I said. So where is your point here ?

If your house is a total loss, you don't get a check for the replacement
cost.

If you want cash, you get depreciated cash value.

The insurance company only pays replacement cost if you have the house
rebuilt, and then only after the construction is completed.

--
is Joshua Putnam
http://www.phred.org/~josh/
Updated Bicycle Touring Books List:
http://www.phred.org/~josh/bike/tourbooks.html