reconstruction costs News

NYC, Miami, Tampa, New Orleans Tops Among Storm-Surge Exposed Cities

New York, Miami, Tampa, and New Orleans are the metro areas with the most single-family homes at risk of heavy damage from storm surge during hurricanes, according to a report released by CoreLogic, a property data analytics firm. Using housing …

Insurance Implications of Rising Building Costs

This post is part of a series sponsored by The Hanover Insurance Group. The rising cost of building materials is quickly outpacing inflation rates, and the high demand for qualified workers and widespread global supply chain pressure, are only adding …

Kincade, Tick and Getty Fires Currently Threaten Nearly 1,000 Homes with a Reconstruction Cost Value of $535M

This post is part of a series sponsored by CoreLogic. As of October 29, there were at least 18 fires burning in California, ranging in size from a few acres to more than 74,000 acres as in the case of …

What Features Have the Biggest Impact on Reconstruction Costs?

This post is part of a series sponsored by CoreLogic. Reconstruction cost, not market value or assessed value, is used by insurers to determine homeowner’s coverage limits and is an important factor in determining a policy’s premium. Because of the …

Insurance to Pay After North Dakota Senior Drives Through Fresh Cement

A road construction company says it will have to redo 50 feet of concrete on a Fargo street after a 78-year-old woman drove through fresh cement. The accident happened in a construction zone near 25th Street and Interstate 94. Authorities …