Will Replacement Cost be enough to Rebuild your Home?

You have a home insurance policy with Replacement Cost coverage. Does that mean you have enough coverage to replace your home as it was? After the California wildfires, many homeowners are finding out that not all Replacement Cost definitions are the same. They do not have enough coverage to rebuild their home, some by several hundred thousand or more. But this issue is not only a California problem. The cost of rebuilding a home has risen significantly over the last five years and continues to increase. Catastrophic events like wildfires, floods, tornados and big hurricanes creates devastation in a localized …

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