Marshall & Swift/Boeckh follows construction costs. They provide detailed figures on how much it costs to build buildings. They have been doing this a long time.
If you built a building in 2005, the service says, on average, that the cost of construction has increase by 15% to 22%, depending on construction type and where the building is located.
Have you increased your coverage amounts in the past 5 years.? I know some insurance buyers who have had the same building coverage amounts for the past 10 years.
Boy, won't they be surprised at how underinsured they are if they have a fire?
If you built a building in 2005, the service says, on average, that the cost of construction has increase by 15% to 22%, depending on construction type and where the building is located.
Have you increased your coverage amounts in the past 5 years.? I know some insurance buyers who have had the same building coverage amounts for the past 10 years.
Boy, won't they be surprised at how underinsured they are if they have a fire?
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