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HappyCappy · 02-26-2007

Did you know that you should look at your house Insurance every year?

House Insurance is not like car insurance where there's a blackbook value. It's usually based on building rates of the year you put insurance on or your morgage.

So if you bought a 1200 square foot house in 1980 for $100, 000 That's what 80 dollars a square foot /replacement.

Well there's a HUGE Gap in building costs now and you'll miminum probably pay $150 if not more a square foot.

This is why you should take a look at your house insurance yearly, to see if you need to increase your insurance to cover your costs of replacement.

02-26-2007	#11
HappyCappy Chief Join Date: Feb 2007 Location: Northern Alberta Posts: 5,715 Threads: 3042 Thanks: 972 Thanked 3,056 Times in 1,476 Posts	House Insurance Did you know that you should look at your house Insurance every year? House Insurance is not like car insurance where there's a blackbook value. It's usually based on building rates of the year you put insurance on or your morgage. So if you bought a 1200 square foot house in 1980 for $100, 000 That's what 80 dollars a square foot /replacement. Well there's a HUGE Gap in building costs now and you'll miminum probably pay $150 if not more a square foot. This is why you should take a look at your house insurance yearly, to see if you need to increase your insurance to cover your costs of replacement.