I read something recently that surprised me: Natural disasters around the world increased by 20 percent last year. We don’t know what Mother Nature has in store for us this year, but here’s my advice:
Take steps now to prepare for whatever a natural or man-made disaster might do to your home.
Do you know what it would cost to rebuild your home if it were destroyed? It’s not the purchase price or the current market value. The cost to rebuild is based on factors such as labor and material costs in our area, the square footage of your home, the materials used in construction, and the style of construction. The age of your home, the type of roof, the quality of the kitchen and baths and the cost to remove debris are among the other concerns unique to rebuilding (as opposed to original construction). I want to help you be sure that your Homeowners coverage is sufficient to cover the replacement value of your home and its contents. Let’s get together soon, and I’ll provide the information you need to make good decisions about your coverage.

Americans spent more than $198 billion in 2004 for home improvements and repairs, but only 31 percent of them changed their Homeowners coverage to reflect their home’s increased value.

This entry was posted on Monday, July 3rd, 2006 at 9:38 pm and is filed under Insurance, Homeowner, Flood. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.