Home Replacement
Cost Estimate Explained
Proper insurance to value
is one of the most
important considerations in
insuring property. In an
effort to assure your home
is insured properly we
review the estimated
replacement cost of your
home on an annual basis.
We determine the minimum
estimated replacement cost
based on:
Local Labor
Local Material Costs
Square Footage of Dwelling
Construction Type
Heating & AC Systems
Potential Debris Removal
Foundation Excavation & Replacement
Architect Fees
Structural Engineering Fees
More Features or Enhancements
To rebuild a substantially
damaged home is much
more expensive than to
build new because debris
must be removed before
repairs can be made.
Where as in new
construction there is no
debris removal to consider.
The cost to remove debris
is considered in the
estimated replacement
cost estimate because it is
covered under the dwelling
limit on your Stuart, FL
homeowners insurance
policy.
Comparing estimated
replacement cost to current
local new construction
costs is not a good
comparison either because
new homebuilders typically
are building many homes
at once, which allow
economies of scale. They
purchase large quantities
of materials giving them
discounts and share labor
on several homes, which
allow for lower labor costs
per home.
Many compare the value of
their home to the current
market value, or what you
could sell your home for in
the current real estate
market. This is not an
accurate comparison
because if your home is
substantially damaged the
repairs will be made at
current labor rates and
materials costs including
debris removal. Market
value is what you can
purchase a used home at
in the current real estate
market, which is not an
indicator of cost of neither
new construction nor
reconstruction.
Our agency utilizes data on
your home, which we
retrieve from the county's
tax appraisal database.
This information provides
us with your homes square
footage, type and materials
of construction and
features. If there are errors
in this information we will
be happy to make
adjustments where
necessary. If your home is
new we will acquire this
specific data from your or
your appraisal.
We advise you to insure to
at least the minimum
estimated replacement
cost. You should even
consider insuring above the
minimum. If your home
were substantially
damaged wouldn't you like
to rebuild it back to the size
and quality it was? After all
your home is probably the
largest investment you will
make. Over the years we
have had a few clients
suffer major losses
whereby their home and
contents were substantially
destroyed. They were
happy we had advised then
through the years about
insuring to proper values
and were able to recover
from their losses without
financial hardship.
Homeowners Insurance
STUART
(772) 287-1560
(772) 287-1950 fax

49 SW Monterey Road
Stuart, FL 34994
M-F 9:30 - 5:00
INSURANCE AGENCY
AGRILLO
772-287-1560
Since 1992
Click on the link below to fill
out a Florida Homeowners
Insurance quote form.
Agrillo Insurance Agency
© 2005, All Rights Reserved
Agrillo Insurance Agency of Stuart, Florida
Homeowners
Insurance Services