Lake Travis Topics: Rude. I don't follow you on this one....
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Name:
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lamont
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Subject:
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Rude. I don't follow you on this one....
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Date:
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6/19/2011 8:10:36 AM
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When I write a homeowners's policy I have to do a Replacement Cost Indicator. This includes square footage, # of rooms, what the house is made of, porches, garages, etc., etc., etc. The computer spits out a number. It's funny, 5 years ago, before the Housing bust, people would look at me and say, "That's not enough." Now it's just the opposite. My point being, Replacement Cost HAS NOTHING TO DO WITH MARKET VALUE. Do you want your house built back the way it was or let the housing market dictate your rebuild?
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