Home prices go up and go down. Mortgage rates go up and go down. One location gets hot and then another. The media runs stories about labor costs going up; material and supply costs going up. Various catastrophes occur—floods, hurricanes, tornadoes, wildfires, etc.
How is a homebuyer to decide what to buy and then how to insure that property from risks?
In Choosing A Homeowners Insurance Policy? Take This Approach, Todd Rissel, CEO of e2Value, recommends that homeowners focus on the basics so that their home—for some their most valuable asset—is protected. While information about home prices, mortgage rates and construction costs describe averages, the specifics about the homeowner’s residence needs to be considered in order to provide the best coverage. Insurance-to-Value is the goal. Underinsurance can compromise the owner’s ability to recover after a loss and may damage their financial wellbeing.
Whether you are looking for valuations for Mainstreet® homes, high-value homes, modular homes, new construction, kit homes, shipping container homes, log cabins, manufactured-mobile homes, cottages on a lake, or suburban homes, our patented estimator can quickly calculate the cost of replacing a residential, commercial or farm structure and provide you with a fast, cost-effective and accurate replacement cost valuation. Contact us for more information about our estimator tools.