Insurance Secret Revealed Guaranteed Dwelling Replacement Cost Tip
Why You Should Consider Guaranteed Dwelling Replacement Cost
In recent years, the cost of building materials has seen significant increases. According to the National Association of Home Builders, the price of lumber alone has skyrocketed, affecting overall construction costs1. In such a volatile market, having a guaranteed dwelling replacement cost ensures that you won't be left out of pocket if rebuilding costs exceed your policy's original coverage limit.
Moreover, natural disasters are unpredictable, and their frequency has been on the rise. The Federal Emergency Management Agency (FEMA) reports an increase in the number of declared disasters, emphasizing the need for comprehensive coverage2. By opting for a guaranteed replacement cost, you safeguard your investment against these unforeseen events, ensuring your home can be restored to its former glory without financial distress.