Insurance may not ensure a home's replacement
| Author: | Garland, Susan B. | |
| Date: | 2003 | |
| Periodical: | New York Times | |
| Link: | http://query.nytimes.com/gst/abstract.html?res=F70814FB35550C708EDDAA0894DB404482 | |
| Abstract: | Many homeowners are under the impression that their insurance will pay the full cost of replacement if their houses sustain extensive damage from fire or other causes. Yet three-quarters of all homes nationwide are undervalued for insurance purposes, by an average of 35 percent, according to a study last year by Marshall & Swift/Boeckh, a firm based in New Berlin, Wis., that provides building cost data to the insurance, construction and appraisal industries. | |
