How To Value Your Home For Insurance Purposes?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Normally this is done by a software that insurance carriers use. It requires the input of several pieces of information about the property to be covered and provides the carrier with an estimated cost of reconstruction that is typically used for the coverage amount on the homeowners policy. Valuations can differ depending on the valuation software that the carrier uses.
    Answered on July 15, 2013
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