Home and Auto in OH?

[vic120]

Cost to rebuild a newly constructed modern house, not cost to buy another similar used house.

Any chance your agent undersized your square footage & now after inspection it is accurate? Ask a local builder what it costs today to build per sq foot & I think you will be shocked. $760K (Assuming from your math) is what it would cost to build a 2500 to 3000 Sq ft home today depending on custom/non custom stuff

Yea I don't disagree

but checking anyway 60% increase was not expected

 

[rmhaire]

Heard They have been monitoring your posts on this forum & deemed you to have a riskier lifestyle

I warned him about that kinky stuff but he won't listen.

 

[ModernInsurance]

Glad we were able to help you on the auto side @vic120 !

 

[Girl Friday]

Most in OH I have seen lately was about 40% increase. Which company is it?

 

[NY independent]

Vic, you are confusing market price and replacement cost. Rebuild costs can exceed market value at the time of a loss. That wasn't the case years ago, but today it's common. It's also common for the replacement cost, post insurance inspection, to be higher than what the agent orders. Too many variables for the agent's work to be accurate these days. Take the policy and don't disturb the bundle as you'll lose a nice bundle credit on both policies.

 

[adjusterjack]

Yea I don't disagree

but checking anyway 60% increase was not expected

You can use this site to figure out what it would cost to build your home.

Cost To Build – Cost to Build a Home

www.costtobuild.net