ZeroLot
New member
qwerty said:the only thing i would wonder is if 350K for the dwelling is enough. marigold is about 2K sq ft so that would be about $175 per sq ft to rebuild. not sure what construction costs are for a single home. I think some have said that it costs TIC or other builders about $100 per sq ft (excluding land costs of course), but TIC and other builders have scale. maybe you just increase your coverage amount 5% per year to keep up with inflation?
That's a good idea. I'll ask for more coverage later. Just trying to save in initial costs at the moment. $175 x 2000 is exactly $350k. So that's how they came up with the number. Always wondered.