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You make the decision to rebuild or not. However, per the terms of the replacement cost endorsement, if you choose not to rebuild then the company will pay you the actual cash value of the damage. If you rebuild, the company will pay replacement cost. No replacement, no replacement cost.
What else can I help you with?
What is the average replacement cost to rebuild a home in NJ?
can you tell me what the replacement cost to rebuild in nj is
What is the replacement cost to rebuild the WHITE HOUSE?
£845,395,763
What is the average replacement cost to rebuild a home in Tampa Palms FL 33647?
100.000
If you have replacement cost ins and have a total loss can you replace it with something of lessor value and keep rest of money?
NO
What is the average replacement cost to rebuild a home in Denver CO?
about $100 - $40,000. depends on your budget and definition of rebuilding a home
What is the replacement cost to rebuild a home in altadena ca?
The replacement cost to rebuild a home in Altadena, CA typically ranges from $200 to $400 per square foot, depending on factors like the home's size, materials, and design. Therefore, a 2,000 square foot home could cost between $400,000 and $800,000 to rebuild. It's important to consult local builders or insurance agents for a more accurate estimate based on current market conditions and specific home features. Additionally, factors such as labor costs and permitting fees can also influence the total replacement cost.
What is the replacement cost to rebuild a home in Woodland Hills Ca 91364?
$42,545.95 My answer is as useless as the question is, right? Your insurance agent can figure the approximate replacement cost of your home using a replacement cost computer program guide. The replacement cost estimators that the insurance industry use will overestimate the rebuilding cost somewhat but they would much rather be 10% high than 10% low on the cost estimator. If you have a replacement cost policy it will increase your coverage a small amount each year based on an index that figures any increase or decrease in replacement cost down to your exact zip code.
Is it true that the claimant gets cash or check if he or she has a ACV option and has to turn in receipts if he or she has the replacement cost option on the homeowners policy?
not exactly. replacement cost is better. receipts are not required by law, but the ins co's say that they are because people don't know better.
What is the estimated cost to replace a property with a similar kind and quality, also known as the expanded replacement cost?
The estimated cost to replace a property with similar kind and quality, also known as the expanded replacement cost, is the amount of money needed to rebuild or repair the property to its original state in case of damage or destruction.
Will an insurance company pay out a dwelling claim if you decide not to rebuild?
Yes, but generally at Actual cash value (either market value or replacement cost minus depreciation) instead of replacement cost. However, the insurance company will generally pay to reconstruct at another location.
How much does a 2.4 engine rebuild cost?
The cost of a 2.4 engine rebuild typically ranges from $2,500 to $4,500, depending on factors such as the vehicle make and model, labor costs, and the extent of the rebuild needed. Additional expenses may arise from parts replacement, machining services, and any necessary upgrades. It's advisable to obtain multiple estimates from reputable mechanics to get a more accurate cost for your specific situation.
Does it mean when there is a lot of oil coming from the tailpipe?
It means you need to rebuild the engine especially the rings and seals. If it is a Honda, you can get a replacement motor installed for cheap. Well worth it too. They are either JDM (Jap Domestic Market) or USDM (US Domestic Market). A rebuild will be more expensive than any replacement engine. You can always sell your old engine as a running engine in need of a rebuild due to blowing smoke or oil. It is not worth much but it is worth something, Maybe about 30% of the actual cost for your replacement engine. Red
