Bailey Family Insurance Bailey Family Insurance

Call/Text 217-441-BFIA (2342) info@bfi.us Start Quotes Online

Menu
  • Home
  • FAQ
  • About
    • About
    • Meet The Team
    • Billing & Claims
    • Tips From Mark
    • Careers
    • Read our Reviews
    • Realtors & Lenders
    • Rate Us
    • Referrals
  • Home & Auto
  • Business / Commercial
    • Business Insurance
    • Commercial
    • Home Based Businesses
    • Photographers
    • Contractors
    • Fitness Instructors
  • Life Insurance
  • Claims
  • Contact
    • Quotes
    • Customer Portal
    • Service Center

Where does the “replacement cost” come from?

by Jourdan Garner

 

REPLACEMENT COST

At Bailey Family Insurance we educate about ensuring your home for “full replacement cost” but what does that mean?
Why am I insuring my home for way more than what I paid for it? 

What does “replacement cost” mean?

 

Where does the “replacement cost” come from?
The replacement cost is calculated by using an “estimated replacement cost tool”. This tool requires the agent to input all information about the structure of the home (layout, siding type, # of stories etc.) as well as interior features ( # of bathrooms, size of garage etc.). The tool then calculates the amount it would cost to clean up debris from a total loss as well as replace the items in today’s world. 

Why does replacement cost matter?

Previous Post: Do you consider yourself a good driver? Never had an accident or ticket and still feel like you are paying too much for insurance?

Next Post: personal Articles Policy

Have a great experience?

Online reviews help our agency tremendously. If you've had a great experience, we'd love your review!

Leave review

Ready to start your quotes?

We make the process super easy. When you're ready, click the button below to see how we can help you!

Yes, let's do it!

Visit Our Office

1625 S. 6th St.
Springfield, IL 62703
Call/Text 217-441-BFIA (2342)
baileyfamilyinsurance@gmail.com

Open Saturday By Appointment Only

Bailey Family Insurance
1625 S. 6th St.
Springfield, IL 62703
Call/Text 217-441-BFIA (2342)
baileyfamilyinsurance@gmail.com

  Fax 312-661-5309

View On Google Maps

Our Affiliations

Connect With Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Like Us

Bailey Family Insurance

Copyright 2018 Bailey Family Insurance | Website by Advisor Evolved

Call Email Claims Payments
Skip to content
Open toolbar

Accessibility Tools

  • Increase Text
  • Decrease Text
  • Grayscale
  • High Contrast
  • Negative Contrast
  • Light Background
  • Links Underline
  • Readable Font
  • Reset