April 11, 2022
Agency
Is my home covered for its full rebuilding cost?
Home replacement costs have increased 
more than 10% over the past year due to escalating building material and labor prices. Which is why our agency conducts a current replacement cost calculation to ensure that all home can be property rebuilt. Standard homeowners 
insurance policies include dwelling coverage, which will pay to rebuild the policyholder’s home at its current location in the event of a partial or total covered loss provided that the home was property insured when the home was insured by that carrier. Policyholders who have made major improvements 
, such as adding a new room, enclosing a porch, or expanding a kitchen or bathroom, should contact their agent 
to adjust their dwelling coverage limits to reflect these changes.
more than 10% over the past year due to escalating building material and labor prices. Which is why our agency conducts a current replacement cost calculation to ensure that all home can be property rebuilt. Standard homeowners insurance policies include dwelling coverage, which will pay to rebuild the policyholder’s home at its current location in the event of a partial or total covered loss provided that the home was property insured when the home was insured by that carrier. Policyholders who have made major improvements , such as adding a new room, enclosing a porch, or expanding a kitchen or bathroom, should contact their agent to adjust their dwelling coverage limits to reflect these changes.