I just got my new homeowners bill. I am not so much complaining about that as I am that they are evaluating a replacement cost of $495k on a house I paid $156k for it 9 years ago. I accept it costs more to rebuild than what I paid but 3 1/2 times as much!? That seems excessive. It is through Allstate. Will they be open to a lower replacement amount? Or do most other allstate clients find they are really rigid about this?
Posted by cicy35
1 Comment
You choose the replacement value you want to insure. If you want it lower just call them and ask them to lower it. You may have a minimum amount you’ll need to have if you have a mortgage.