If a fire or other disaster destroyed your house, would your homeowners insurance fully cover the cost of rebuilding it?

That depends on how much dwelling coverage your policy includes, and you might need more than you think. A variety of factors affect the cost of rebuilding, from the total living area to the style of home and special features like materials and additions. In many cases, you will have to remove debris first, and you may need specialized workers to complete repairs without causing additional property damage.

Building codes may have changed since your house was first built, requiring additional work to bring it up to code. And because building material prices have increased, the cost to rebuild your house might be more than its current market value.

There’s no easy way to tell how much a house will cost to rebuild. It’s important to update your policy whenever you make significant upgrades or changes to your home, so your insurance coverage matches what will need to be rebuilt. Talk to your Glenn Insurance representative to find the coverage that’s right for you.

Barbara Lee
Personal Insurance