CA-Homeowners Insurance Valuation

2: Property Valuation Fundamentals The two valuation methods most relevant for property insurance are replacement cost and actual cash value. Both are to be computed as of the time the…

3: A Dwelling’s Replacement Value This chapter covers the variables that determine the cost to repair or replace a dwelling that has been damaged or destroyed.   Types of Foundations…

4: Catastrophes & Replacement Costs When a catastrophe strikes, the actual cost to reconstruct a house is often much higher than its accurately calculated “replacement cost” just prior to the…

5: Homeowners and Dwelling Endorsements Homeowners and dwelling policies are designed to meet the typical needs of typical homeowners. By adding endorsements, these policies can also be tailored to add…

6: Types of Building Construction Sometimes a frame building may look as though it is made of masonry or concrete. Stucco buildings have an exterior of Portland cement plaster applied…

7: Valuation Methodology Homeowners insurance policies provide coverage with a dollar limit. Residential insurance buyers therefore need to decide what amount of insurance to buy when initially purchasing insurance. They…

8: Wildfires The leading cause of fire is human carelessness. Every year, across the United States, thousands of forest, brush, and grass fires occur. Minor nuisance fires are often handled…

9: Disclosure Required by Law California has laws that require sellers of real estate to disclose numerous types of information to home buyer concerning natural hazards, property taxes, and environmental…