8114 CORTEZ ROAD WEST -- BRADENTON, FLORIDA 34210

TEL# 941-794-0282 FAX: 941-794-1264

PARRISH TEL# 941-776- 3396

OVER 100 OFFICES THROUGHOUT FLORIDA

HOME INSURANCE

TO AVOID BEING EITHER OVER IN SURED OR UNDER INSURED FIND OUT HOW MUCH IT WILL COST TO REBUILDYOUR HOME. THE REBUILDING COST CAN BE EITHER HIGHER OR LOWER THAN WHAT YOU PAID FOR IT ORTHE PRICE YOU COULD SELL IT FOR TODAY. YOUR INSURANCE AGENT CAN CALCULATE THE COST OR YOU CAN HAVE AN APPRAISER DO THE JOB.THE COST OF REBUILDING YOUR HOUSE IS BASED ON LOCAL CONSTRUCTION COSTS AND THE TYPE OF HOUSE THAT YOU HAVE.

A GOOD WAY TO GET A BALLPARK ESTIMATE IS TO TAKE THE SQUARE FOOTAGE OF THE LIVING AREA OFYOUR HOUSE AND MULTIPLY IT BY LOCAL BUILDING COSTS PER SQUARE FOOT FOR YOUR TYPE OF HOUSE.BUILDING COSTS IN MANATEE COUNTY HAVE BEEN SKYROCKETING AND NOW RUN FROM ABOUT $150 TO $250PER SQUARE FOOT, DEPENDING ON THE TYPE OF HOUSE. SO THE REPLACEMENT COST ON A 2,000 SQ. FT.HOUSE WOULD BE BETWEEN $ 300,000 TO $500,000, DEPENDING ON THE AMENITIES.

IF YOU ALREADY HAVE INSURANCE - BE SURE THAT YOU HAVE ENOUGH. FEW HOMES ARE TOATLLY DESTROYED BUT YOUR COULD BE THE EXCEPTION -- ESPECIALLY BY HURRICANE. IF IT IS INSURED FORLESS THAN 100% OF ITS REPLACEMENT COST, YOU RUN THE RISK OF NOT HAVING ENOUGH MONEY TO REPLACE IT WITH ONE OF SIMILAR SIZE AND QUALITY.

BE SURE TO NOTIFY YOUR AGENT OF ANY ADDITIONS OR IMPROVEMENTS AS THEY WILL INCREASE THE REPLACEMENT COST.

MAKE CERTAIN THAT THE VALUE OF YOUR INSURANCE POLICY IS KEEPING UP WITH THE INCREASES INLOCAL BUILDING COSTS. THE COST PER SQUARE FOOT IN THIS AREA HAS GONE FROM ABOUT $100PER SQUARE FOOT UPWARDS OF $ 150 PER SQUARE FOOT OVER THE LAST THREE YEARS ALONE. IN SOME INSTANCES THE COSTS ARE $250 PER SQUARE FOOT ON CUSTOM HOMES. AN INFLATION GUARD CLAUSE WILL AUTOMATICALLY INCREASE YOUR COVERAGE, BUT YOU STILL MUST MONITOR THE LOCAL SITUATION AS IT MAY NOT REFLECT NATIONAL NUMBERS.