Any homeowners with insurance asking questions or finding large price increases in policy costs ???
We've given attention to home insurance replacement values over many years, for a total loss of the home. Note: our mortgage is paid from long ago and our insurance doesn't renew for several months.
We have not called our agent yet regarding the recent large increase in lumber and many other building materials; but we're pondering the impact relative to our home insurance coverage, even though it contains an inflation clause.
I offer this link for informational purposes only. Home Insurance OverviewLumber cost
adds $24,000 - $36,000 to new home construction pricing. I gave this price range, as Bloomberg offered the low number, but I have not yet discovered why.
The rough cost to build a house.....