An inflation guard automatically adjusts the dwelling limit to reflect current construction costs in your area when you renew your insurance. (iii.org)
Current construction as a share of existing inventory for seniors housing was 4.2 %, down 0.2 percentage points from the prior quarter. (nic.org)
The cost of the land is not added into your calculations, but you do need to factor in current construction costs. (insure.com)