When independent insurance agents are helping you shop for a new Florida homeowners insurance policy they will most likely be using a guaranteed replacement cost estimator to figure out how much coverage you will need to rebuild just the other structure of your house. When I chat with consumers and clients they always think that they should have more coverage then they actually need to replace their homes structure because many think that the value of the property is included in the replacement cost. If your agent didn’t use a replacement cost estimator when they offered to get you a homeowners policy, please give us a call at 800-554-9142 at your convenience. We would love to run your home through our replacement estimator so you know that your home is covered for the correct amount of protection.
How does one know how much cover to purchase for a home if they didn’t use a replacement cost estimator? As an educated consumer, you most know that the first step toward getting a policy to cover home is determining the insurability of your home. We will either need to get a copy of your current policy to do an analysis or we will have to ask you bunch of detailed questions to obtain the best, most accurate quotes for your home. Some of the items we will need to ask for in order to build your quote would be the following:
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What Year Was Your House Built?
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Have You Replaced Your Plumbing?
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Have You Updated Your Roof?
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Do You Have A Hip Roof?
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How Many Square Feet Is Your Home?
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Had A Claim In The Past 10 Years?
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What Is The Physical Address?
The Majority of agents in Florida use the cost estimator tool to understand the estimated replacement of your home in case of a future loss on claim. This must be used when developing the quotes for your house or condo in Florida. It traditional name for this is guaranteed replacement cost estimator, but you might see agents just call it replacement cost now.
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