State Farm Option Id?

Discussion in 'P&C Insurance Forum' started by Patriotagent, Mar 17, 2011.

  1. Patriotagent
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    Patriotagent Member

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    State:
    Indiana
    Local agent is working me hard to switch my HO and cars to SF I'm with Met Life now.

    Whats up with the ID thing? Their quote was $87,000 lower on dwelling A. I asked why they missed it, and oh she's like I'm sorry for not mentioning that LOL

    My house will never flood, no hurricanes, maybe a tornado, but not even that would make the cost of building go up like Katrina did.

    I'm P&C licensed, but far from an expert. Just need some help.
     
  2. bmartin21
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    bmartin21 Active Member

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    State:
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    Option Id stands for Increased Dwelling. Basically, it's State Farm's extended replacement cost which happens to be 20%. In other words, if your home was insured at 100,000, with option id, you would be covered up to $120,000. My advise, find a company that offers extended replacement at 50%.
     
  3. BTFuzz
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    BTFuzz Well-Known Member

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    State:
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    You're in PA right? Call an Erie agent. Their ultra cover home policy has no cap on the replacement cost. Can't find a better policy in the state.
     
  4. Patriotagent
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    Patriotagent Member

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    State:
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    Thanks Guys.. I'm in Indiana, but have plenty of Erie agents around to see
     
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