Why do Insurance Companies Insist on Insuring at Replacement Cost?
Most importantly, insurance companies and their agents want clients to have adequate insurance in the event of a catastrophe. No one wins when a fire destroys a home and there is not enough insurance to rebuild what a family has worked long and hard to accumulate. Insuring to replacement cost also ensures that the insurance company is collecting enough premium to set aside the reserves that are needed to pay its clients claims when they do happen. The agents at Dave Terpening Insurance, Inc. are experts in the area of homeowners insurance. Please call us at 1-800-585-1776 for assistance with insurance for your home.
