How Do Insurers Calculate Dwelling Coverage Limits?

Ever wondered how insurance companies arrive at that crucial dwelling coverage limit for your home? Unlocking the secrets behind these calculations is key to ensuring you're properly protected without overpaying. This video breaks down the essential factors that determine your dwelling coverage, helping you understand: ► Why your home's market value isn't the same as its reconstruction cost. ► The impact of local building codes and materials on your coverage needs. ► How inflation and labor costs factor into future repair estimates. ► The difference between actual cash value and replacement cost coverage. ► Strategies to accurately assess and optimize your home's dwelling coverage. #DwellingCoverage, #HomeInsurance, #InsuranceTips, #PropertyInsurance, #AsianWiseInsurance