Why Do I Have to Insure My Home For So Much?

Posted April 27, 2011 Company News

Home Owners Insurance

At Henderson Brothers, we hear this question a lot and also hear that the house can never be sold for that amount, or it’s not worth that much. We understand this position. However, an insurance policy that is providing Replacement Cost coverage is going to rebuild your home. As home values are going down, the cost of construction has been increasing. Labor and materials cost more. This is important to keep in mind.

If you carry the correct amount on your dwelling and your home is destroyed by a covered loss, the insurance company is going to pay up to the policy limits to rebuild your home from the ground up. They are also going to pay to replace your personal belongings and help with the cost of living arrangements during repair.

If you are not sure whether you have adequate insurance on your home, please contact our office today. We will review your current policy limits, even if we are not your agent. We can provide recommendations and quotes to protect your home.

For more information on Replacement Cost coverage or insuring your home, please contact us at [email protected] or by phone at 412-261-1842.


Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency for your specific company’s needs. This document should be reviewed by your legal counsel or tax consultant before use.