The Ups and Downs of California Home Insurance Replacement Costs

to rise. In many cases, local supplies of lumber are depleted quickly. Builders may need to bring in materials from elsewhere in the country, and often within short time frames. That combination brings about overtime pay and greater shipping charges.
The inflation rate of building materials usually exceeds the inflation rate of the general economy. The cost of construction materials, especially lumber, frequently increases faster than the cost of other goods and services, and much faster than the inflation rate.
Preserve the remaining structure. Parts of the property not destroyed in a loss need to be protected. A partially damaged roof, missing window glass, and holes in the walls may need to be covered to prevent future damage.

When insuring something as valuable as your home, it is important to understand the coverage you’re getting rather than purchasing a California Home Insurance policy solely on the price. During these hard economic times nearly everyone wants to save us much money as possible but let’s not forget that being underinsured at a time of a loss will financially cost us our most valuable asset. Check to see if your policy contains the following important features.

Does it provide coverage for extra costs resulting from building code changes?
Does it automatically