Replacement Cost Valuations
Do you know what it would take to rebuild your property if a catastrophe destroyed it?
REPLACEMENT COST VALUATION
We study the latest construction costs in our area and value residential & commercial properties on a daily basis. Let us help you decide on the right limits for your High Value Residential or Commercial Insurance policy. Don’t be over insured and pay too much premium with too high of a deductible, but certainly don’t be under insured either! Make a wise & informed decision by letting us provide you with a independent Replacement Cost Valuation TODAY! Prices starting at $250!
LETS GO OVER A QUICK EXAMPLE:
The cost to construct new property of the same kind and quality as the property that was damaged. The policy will pay the cost to restore the dwelling without deducting for depreciation.
Actual Cash Value:
The replacement cost less a deduction that reflects the property's age, condition and other factors that affect its remaining usefulness. The difference between Replacement Cost and Actual Cash Value is depreciation.
REAL LIFE EXAMPLE:
Imagine your roof is blown off in a tornado. The roof is 10 years old and would have been expected to last 20 years when it was installed. The cost to replace your roof is $5,000.
» The Actual Cash Value policy would reimburse you $2,500 (minus your deductible) for the unused value remaining to the roof; it would not pay the entire cost to repair the roof.
» A Replacement Cost policy would pay the entire $5,000 (minus your deductible).
START SAVING TODAY
Call Pensacola Insurance Inspections TODAY! Even if your policy doesn’t renew for 6 months, most companies will give a pro-rated discount credit even before your renewal! With an average of $600 in savings, you could be losing $50 every month! GET YOUR INSPECTION TODAY!