Do you need a Replacement Cost Estimate (RCE)? Insurance companies like California Fair Plan, AAA, USAA, and more are are now requiring property owners seeking over a million dollars in coverage to provide a Replacement Cost Estimate (RCE).
If you review your current policy details, you’ll likely find that your insurance provider has recommended you obtain an RCE. A licensed builder creates the most accurate RCE, providing an up-to-date estimate of what it would take to rebuild your home. While not a guarantee, this can be a critical safeguard against underinsurance
Replacement Cost Estimate – SAMPLE
Frequently Asked Questions
The Benefits of a Replacement Cost Estimate
*For this type of estimate, we do not have to visit the property. It is a basic estimate which will combine your inputs below with our own research to come up with a professional and accurate cost estimate for rebuilding. For a more detailed and specific estimate, please visit our Scope of Loss page.
*BW Builder does not provide insurance advice. In California, it is up to an individual to determine their insurance coverage levels. Individuals need to discuss any Replacement Cost Estimate with a licensed insurance agent, legal adviser, or financial adviser to be certain your holdings are properly insured. Purchasing an RCE will not change your insurance. Insurance coverage is a discussion between an insured and their insurance company. BW Builder may not be held liable for inadequate insurance coverage. BW Builder does not give insurance advice, discuss insurance options, or in any way help you determine your proper insurance needs. BW Builder will NOT inflate dollar amounts on an estimate in order to assist anyone in obtaining more coverage. Any request or discussion of falsified estimate amounts will terminate your business relationship with BW Builder immediately. There are NO REFUNDS for this estimate. BW Builder does not guarantee an insurance company will adjust your coverage based on our findings. BW BUILDER GIVES NO ADVICE OR OPINIONS REGARDING INSURANCE COVERAGE. For a more detailed report needed after a disaster or loss, please see our Scope of Loss section.