Costs of Reconstruction – Do you have enough coverage

6/1/2021 (Permalink)

This year has seen an increase in building material costs. There have been many factors to this; company shut downs, lack of employees to produce materials, weather events affecting manufacturers, supply of materials to repair buildings after catastrophic weather events.  All of these have been a factor in the increased costs.

Building material prices have double or tripled in cost. With this the cost of reconstruction has increased.  Contacting your insurance agent to make sure your home or business is insured for the proper amount now is very important.  It will cost more now to rebuild then it did before and you don’t want to not have adequate coverage to cover the expenses of building supplies to bring your structure to preloss condition.  Having documentation of your structure is very important. This can be done by taking photos of your home or structure.  You can even talk with our team to do a matterport 360 complete visual documentation of the structure to have on file in the event of damage to your structure.