When purchasing or updating your home insurance, ensure you have enough coverage to cover the cost of rebuilding your home. That is often more than the cost of buying your home – a common misunderstanding for some people. It often costs more to rebuild your home, especially when the cost of lumber is increasing, or the cost of labor is growing. At LeapFrog Insurance, we help our San Antonio, TX clients choose home insurance policies that fit their specific needs.
Estimating Home Value
There are numerous ways to estimate the value of rebuilding your home. The most accurate method is to meet with a local contractor to discuss your concern. They will have the most up-to-date information about the cost of rebuilding your home because they spend every day within the industry calculating this information.
If you are not looking for a detailed estimate, you can also look at the new construction costs of a home within your community. Look for homes similar in size and features to your property, especially when it comes to any extras in your home or enhancements you have that could impact the cost of rebuilding. Your insurance agent can also offer some guidance based on the local market and the cost of rebuilding.
Get the Right Level of Protection in Place Today
No one wants to think about a home needing to be rebuilt, but it does occur, and often, the right home insurance policy can minimize your risks of financial loss. At LeapFrog, our home insurance for San Antonio, TX, property owners can help you to get the peace of mind you need. Reach out to us now to learn how we can help you.