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Construction costs continue to increase faster than inflation. Utilize an insurance replacement cost assessment to determine the proper amount of insurance coverage.
Construction costs continue to increase faster than inflation. Utilize an insurance replacement cost assessment to determine the proper amount of insurance coverage.
Inflation for residential construction routinely outpaces the published CPI rates, peaking at about 17 percent in 2021 and 2022. This is part of the reason for the large increases in insurance costs. Utilize Village Reserve to provide an independent analysis to determine the replacement cost of insured assets. This analysis helps ensure the adequate amount of coverage without over-insuring or under-insuring the assets.
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