Chubb Personal Insurance has sent out another of what should be a series of revealing documents that compares the actual value (replacement cost) and market value of a home. The document states the following: A New Jersey home was bought for $1,060,000 in 2004. In 2005, Chubb appraised the home for $1,502,340. To keep up with inflating construction […]
Maintain Home Replacement Cost, Insure to Value!
Chubb Personal Insurance recently sent out a document that compared the replacement cost and the market value of a home and the importance of maintaining insurance to VALUE. The document sets the scene by stating in March 2011, a homeowner was smoking a cigar, dropping the ashes into their garage garbage can, and later that night, […]