Real Estate

Difference replacement cost quotes

  • Last Updated:
  • Nov 5th, 2020 2:24 pm
[OP]
Newbie
Oct 16, 2019
66 posts
36 upvotes

Difference replacement cost quotes

Looking to renew my home insurance and have got two different quotes with replacement costs of ~300K and 400K from two insurance companies. There is a 200$ premium difference. The companies aren’t helpful in explaining the nature of this difference. Any suggestions for how to understand this difference?
1 reply
Deal Addict
User avatar
Aug 10, 2015
1997 posts
868 upvotes
Elgin, ON
Different companies have different ways of calculating replacement costs. I find this confusing as well.

My policy has a guaranteed replacement cost endorsement.

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