Update Your Replacement Costs

Marshall & Swift/Boeckh follows construction costs.  They provide detailed figures on how much it costs to build buildings.  They have been doing this a long time.

If you built a building in 2005, the service says, on average, that the cost of construction has increase by 15% to 22%, depending on construction type and where the building is located.

Have you increased your coverage amounts in the past 5 years.?  I know some insurance buyers who have had the same building coverage amounts for the past 10 years.

Boy, won’t they be surprised at how underinsured they are if they have a fire?