High-value policies are not available at $475k.Get a quote for a Guaranteed Replacement cost policy, it will cost somewhat more, then setting the coverage amount is the Insurance Companies problem if they are wrong they still pay the full 1:1 replacement cost. This kind of coverage is available from the more preimum companies. Nationwide Private Client, Chubb, etc.
The house has to be worth $500k in most of the country to qualify for high-value insurance. In the highest-cost areas, you may need $750k or even $1 million.
Statistics: Posted by talzara — Thu Feb 29, 2024 5:01 pm — Replies 6 — Views 301