[quote=bearishgurl]
The county “assessment” has no bearing on what the replacement cost of a particular dwelling is or will be. Hopefully, you have a “replacement value” policy which means the insurance co will replace what was there in case of fire or other calamity, no matter how much it costs.[/quote]
“Replacement value” from the tax record (150k), or my own claimed assessment value (300k) provided by me when I applied for the insurance coverage? Who will decide “what was there”, once it’s gone up in smoke? I’m sure the insurance company can overspend me on lawyers any day…
[quote=bearishgurl]
Earthquake coverage is separate from your homeowner’s policy. If you don’t have a separate policy through the CA Earthquake Authority, your property is not covered for earthquake damage.[/quote]
Yes, I have just given it as an example. I wonder what percentage of people in SD have that coverage. It seems rather expensive given the real risk of having a catastrophic earthquake here in the next 50 years.
