However, you still should keep up
with local building costs by checking in periodically with your local builders association.
Most insurance policies provide adequate coverage because they include an inflation - guard clause to keep up with increases
in local building costs.
The appraiser uses information
on local building costs, labor rates and other factors to determine how much it would cost to construct a property similar to the one being appraised.
Homeowners need to do annual insurance policy «check ups» to make sure they keep up
with local building costs, home remodeling and inventories of their personal belongings.
The Insurance Information Institute recommends you multiply the total square footage of your home by
local building costs per square foot to determine the amount of insurance you need.
Do annual insurance policy «checkups» to keep up
with local building costs, home remodeling and inventories of personal belongings.
For a quick estimate on the amount to rebuild your home: multiply
the local building costs per square foot by the total square footage of your house.