Insurance Score & Replacement Cost

Understanding Replacement Cost & Insurance Score

Replacement Cost:  Why do people buy homes instead of doing new construction? The reality is it’s typically cheaper to buy an already built home than to build one yourself. Your insurance policy isn’t designed for you to buy a new home when there’s a claim; it simply will fix the one you have! This is why homes are often insured more than the purchase price.

Insurance Score:  Fluctuating homeowners rates can complicate loan closings but just like your mortgage rate depends on a number of financial factors so will your home insurance rate. It’s not just what is being covered but who’s living there that determines the rate.

Watch this short video to get a better understanding:

Thanks for watching! Call / text 217-441-BFIA (2342) or email us to learn more.. or get a fast & free quote here: https://www.baileyfamilyinsurance.com/getaquote/

Would You Like Us To Review Your Policies?

Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Bailey Family Insurance is here and ready to make the process as painless as possible. We look forward to meeting you!

Call Email Claims Payments
Skip to content