Calculate Replacement Cost

How do you calculate replacement cost of a house for insurance purposes?

Comments(4)

  • cjmazur4th June, 2008

    There are package that insurance agents have.

    My agent, based on describing my house, told me the magic number. It was close to what the GC said.

    There are also budgetary numbers that are used in market. At one point "custom grade" construction was 200/ft in the area, where as production-construction was 160-170. (e.g. Kohler/Hans Grohe v. America Std. or Mexican fixtures)

  • finniganps3rd June, 2008

    Is this homeowners or landlord insurance? Big difference in my area between the two. Landlord policy is twice the cost of homeowners.

  • ITBInvestor5th June, 2008

    $350 to 400/yr. ballpark for a hazard insurance policy is typical for a $100K rental.

  • d_random5th June, 2008

    $450 with Nationwide for a $100-$120K rental.

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