Talk of The Villages Florida - View Single Post - Replacement Value
View Single Post
 
Old 03-04-2012, 09:45 AM
villages07's Avatar
villages07 villages07 is offline
Sage
Join Date: Mar 2007
Posts: 11,070
Thanks: 2
Thanked 24 Times in 17 Posts
Default

Yep, I think that happens the longer you own the home. They have an automatic inflation adjustment clause so it keeps going up....which is not good if you bought at one of the peaks of the market. I mildly questioned that last year but the agent seemed to poo poo it. I think I will pursue it this year.

Would like to hear from some of our insurance industry experts on this one.
__________________
Maryland (DC Suburbs) - first 51 years
The Villages - next 51 years