Overall Building Material Prices Up Almost 20% In 12 Months.. What you need to consider for adequate insurance:
According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, overall building material prices have increased 19.4% during the past 12 months and 13% year to date.
Reconstruction Costs: If you suffer a loss, the cost to rebuild may exceed the limits of your insurance policy. It is important for you to update for the cost of construction and adjust your property insurance accordingly.
Overall Building Material Prices Have Gone Up 19.4% Protect Your Assets – Buy Adequate Insurance.
Call us to update the amount of insurance you have now. We will quote ‘what if’ scenarios for your review and consideration. We also recommend that you get a Replacement Cost Appraisal on your property. We don’t do this work but we can assist in providing the names of firms engaged in that business. Association Agency Inc 201 945 3100