Insuring your Home Against Increased Construction Costs

From lumber to paint to concrete, the cost of almost every single item that goes into building a house in the U.S. is soaring. In some cases, the price increases have topped 100% since the pandemic began.

It is critical to review your home’s Replacement Cost coverage amount to confirm that it accurately reflects the current construction costs in your area. We can help you secure Guaranteed Replacement Cost or Extended Replacement cost insurance coverage on your home - this provides a buffer in case the cost of construction outpaces the limit of insurance on your home.

Source:

https://www.bloomberg.com/graphics/2021-us-housing-construction-costs/?srnd=premium&sref=vuYGislZ