Have you been advised you need a Replacement Cost Estimate (RCE) from your insurance agent, realtor, or insurance company? Insurance companies like California Fair Plan, AAA, USAA, and more are beginning to require these estimates, especially for a property that may be over a million dollars to rebuild.
If you dig deep enough into your policy, you’ll see your insurance company has told you to obtain an RCE. The best RCE is created by a licensed builder. While not a guarantee, a current estimate of what it may take to rebuild your home can help protect you against being underinsured.