Not exact matches
Actual cash value may not cover the total
rebuilding cost and your out -
of -
pocket expenses can quickly balloon to an unreasonable number.
In addition to our basic policy, we offer two different options to protect you from out
of pocket costs, if you ever have to repair or
rebuild your investment property:
If you buy $ 90,000 worth
of insurance yet it will
cost $ 100,000 to
rebuild it, you will be out
of pocket $ 10,000.
If insufficient coverage is purchased to
rebuild the home, the insured may have to pay substantial uninsured
costs out
of their own
pocket.
Nearly $ 9.7 billion
of damage was uncovered, and Colorado was the second highest state in losses, with $ 1.702 billion in insured catastrophe losses in 2014, forcing property owners to pay for repairs and
rebuilding costs out
of pocket.