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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (56277)	6/18/2006 10:59:14 AM
From: Tommaso	Respond to of 306849

>>>Amazingly enough the same is true for my home owner's insurance over the same time period.<<< I go the other direction with my insurance, because the house has features (i.e. foot-thick stone veneer, tile and copper roofs) that would be extremely expensive to replace. So I told them what I had and they assessed the replacement cost at about double the tax assessment (which itself includes the land as well as the structure.) If there were just partial damage to the house, the expense of putting it back the way it was would be enormous, and insurance companies won't give you $150,000 for repairs if you only have $250,000 total loss insurance. I am a gambler, you see <G>, but I like to bet on sure things. I go along with A. E. Housman: "Luck's a chance, but trouble's sure."