Jonathan Geissler December 15, 2020 No Comments

Why Are Building and Reconstruction Costs Rising?

The U.S. construction industry has been overwhelmed since late summer with exorbitant price increases. Total reconstruction costs, including materials and retail labor, surged 9.2 percent from October 2019 to October 2020. A 5 percent increase in total costs occurred in the third quarter of 2020 alone. The key factors driving these increases include multi-month manufacturing […]

Stuart Durland August 14, 2013 No Comments

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, […]