I suspect they’re looking at your county appraiser’s records to get things like age, square footage, etc. It’s entirely possible they’re including the cost of your outbuilding, too. That or there could be mistakes in your property appraiser’s records - always good to check every year or two.
I say that from experience, as the house we built in Wisconsin had a room added to it by a third party appraiser the city hired when we had a reassessment. He didn’t do a physical inspection, he just did a “drive by”. We challenged this and found that he had boogered up so many other people’s appraisals that the city ended up firing him and hiring a new company that did it right. -D > On Aug 22, 2020, at 1:23 PM, Kaleb Striplin via Mercedes > <mercedes@okiebenz.com> wrote: > > No they don’t care as long as they get paid off. These insurance companies > plug in some sort of number they claim is the cost to rebuilt the house based > one some sort of calculation they come up with. > > Sent from my iPhone > >> On Aug 22, 2020, at 11:27 AM, Craig via Mercedes <mercedes@okiebenz.com> >> wrote: >> >> On Fri, 21 Aug 2020 22:12:58 -0500 Kaleb Striplin via Mercedes >> <mercedes@okiebenz.com> wrote: >> >>> I ran a couple of online quotes and cheapest I came up with so far was >>> Liberty Mutual. It was around $600-$1k cheaper depending on >>> deductible. I have not tried State Farm yet. The problem is USAA and >>> all these others put a rebuild value WAY higher than what we paid and >>> what I figure the actual house is worth/would actually cost to replace. >> >> Can you not say, "This is what I want to insure my house for?" Or is the >> one who funded your mortgage requiring the higher value? >> >> >> Craig >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
