Home Insurance in Chandler>Question Details

Azdudette, Home Owner in Chandler, AZ

How much does it currently cost per square foot to RE-BUILD a home in Chandler, az - for insurance purposes?

Asked by Azdudette, Chandler, AZ Thu Oct 20, 2011

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Be aware of the policy if you take a cash settlement instead of repairing or replacing your home. They will pay you Actual Cash Value instead of replacement cost. This clause in the policy prevents policy holders to "take the money and run".

Check your policy for this clause. I'm very sure it's in there.
0 votes Thank Flag Link Tue Oct 25, 2011
last time I looked at the policy, I think the insurance quoted me ~180k for a rebuild of a 1600sf home (less than 80K comp) ... go figure , if the house burn down, insurance pay 180K, I can buy two new houses and donate the existing land of the old house to the city :)
0 votes Thank Flag Link Thu Oct 20, 2011
Consider consulting with a few local licensed contractors, and ask for free estimates, then go from there....
0 votes Thank Flag Link Thu Oct 20, 2011
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