Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28352241
No new orders today 13123526
Stupid MLS comments. 3309940
What do you know about Froy Candelario, top agent in USA 1208008
Stupid QC comments and BPO requirements. 1082632
New HUD Listing Brokers---Any Update? 1043269
Is there religious content in Buffini class? 835781
Let's talk about our cars 681505
Name that Flick. Great movie Lines. 614408
Pay it Forward - BPO/REO Tips & Tricks I & II 603576
Most common items found at an REO 593733
EML 459233
REOTRANS 448882
Main Street 434830
asset val seminar in colorado 415245
assist 2 sell or 1 percent realty? 346843
HOMONYMS - There, Their, and They're 317098
Evalonline 300206
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#151688 - 06/29/07 04:33 PM Replacement Costs on older houses?
catgirl Offline
Member

Registered: 06/23/07
Posts: 43
I am not understanding this whole "replacement Costs" regarding insuring older houses. I have called around to 5 different agencies and they keep giving me outrageous quotes for house I am to buy. Does anyone have any suggestions as to how I can get a lower quote? The house is only 35,000 and I am getting replacment costs for up to 200,000!!!!!! Which is giving me very high payments a month.
My lender said I need to have a year paid upfront also is this common?

Any suggestions??

Thank You!

Top
Advertisements
#154313 - 07/10/07 02:28 PM Re: Replacement Costs on older houses? [Re: catgirl]
jstip Offline
Member

Registered: 08/23/06
Posts: 217
Loc: Central PA
Market value does not equal replacement cost. Cost does not equal value. Some insurance companies offer a 'market value' or 'agreed value' policy, you just have to call around. You are also required to pay the policy in FULL the first year.

j

Top
#225422 - 05/09/08 01:41 AM Re: Replacement Costs on older houses? [Re: jstip]
DennisVolz Offline
Member

Registered: 05/07/08
Posts: 20
Loc: San Diego, CA
Can be a complicated question. Short n simple is: You want to insure your home for what it would cost to rebuild with similar construction. For more info see my post How Much Homeowners Insurance Do You REALLY Need? at http://dennis-insurance.blogspot.com/2008/02/how-much-homeowners-insurance-do-you.html
_________________________
Dennis Volz
SF Insurance Agent since 1978
Email: Dennis@DennisVolzInsurance.com
Website: Dennis Volz Insurance
Blog: The San Diego Insurance Blog

Top
#395908 - 11/30/11 10:14 PM Re: Replacement Costs on older houses? [Re: catgirl]
Shannon22 Offline
Member

Registered: 11/29/11
Posts: 31
Loc: Kansas
Very interesting responses. Not in a million years would I have guessed the replacement costs to be that high. I guess that's why it's good to bounce around until you hit a desirable quote.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
NYREALTYADVISOR, PamelapJames, hafiz sajid, Ashton MacDonald, Larry Charles
29900 Registered Users
Who's Online
0 registered (), 29 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 40
Vermont 23
VABroker 21
estatereal 19
Trouble 14
Lucky Leonardo 11
MissionJoe 8
YM 4 RC&MF LLCs 8
David Hunter 6
TheTexasGal 6
Mr. Clean 6
sualk54 6
Gamin' Agent 5
Nasser 5
Mayra Kelley 4
Featured Member
Registered: Yesterday at
Posts: 1
Facebook

How To Advertise Here


This site presented by RNC Internet Services