Homeowners need to be aware of their home’s replacement cost, as this value is what will determine any claim settlement. Replacement cost is the actual cost to replace any personal property or structure to its pre-loss condition. Replacement cost can change from year to year, regardless of real estate trends.
The most important thing you can do to determine the replacement values of your personal property is to create a home inventory.
Having an accurate replacement cost is critical in having the right amount of insurance.
We are ready to help you better understand your risks. Please call our office today. Lee Insurance Concepts, Inc. (LIC) is a specialty independent insurance and bonds agency that provides creative solutions for our clients’ specialized business and personal needs. Based in Nashville, TN, licensed to do business in TN, FL, AL, GA, NC, SC and LA. Call 877-331-1082 or email firstname.lastname@example.org to plan for your future with reasonable and comprehensive solutions.