[quote=SD Squatter]Maybe so, but “what-if” I had to file in the future an insurance claim against a loss on the property (fire, earthquake, flood, etc.) Obviously the insurance company has its own appraised value on the house (~300k), but it may change once there is a loss and they send in their lawyer squad to minimize “claim loss”. Should I worry at all?[/quote]
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.
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.
