Homeowners Insurance
Homeowners’ Insurance “How Much Is enough?”
Thursday, June 29, 2006
One of the most common questions our office is asked these days is do I have enough coverage to rebuild my home in the even of a total loss. There are many ways to calculate this. Farmers uses a national replacement cost program through Marshall & Swift. They are a leading company in determining replacement cost values. By providing this vendor with all the structural information on the home, we can provide a minimal replacement value. We can always insure the property for more if we feel the home has more special features.One thing to keep in mind when determining values. We are not looking to insure the home for market value, but what would it cost to rebuild the home. Due to increasing values in homes throughout Central Texas, most homes are worth much more than they cost to build. Our goal is to find a balance between these 2 numbers.
Our agency would be more than happy to sit down and review the features and specifications of your home and help determine what this value truly is. We want to rest well at night knowing you are covered properly. Please call us so we can set an appointment or simply email us at jjonse@farmersagent.com .