Replacement Cost MSB

[insurance1822]

I have seen State Farm do INSANE things w/ claims (i.e. paying more then policy limits..) and also sending people checks for hail damage when they didn't even open a claim! YES VERIFIED! It's nuts

 

[JohnWalker]

Thanks for everyone's help.

Looks like I might lose the sale to State Farm. Everyone of my carriers RC was at-least over 700k. State Farm is going to insure the home for 510K. He sent me their RC estimate and it matched mine fine.

Anyone else come across a situation like this with them?

Tell him you can insure it for $510k if he wants but hold firm that he's underinsured and doing so would be a disservice. Tell him to have statefarm match the $700k RC you're quoting and see where they land.

Come at it like your primary concern is adequate coverage rather than who he goes with.