Rex Nichols

Replacement Cost is determined by:

-Local construction costs for materials and labor
-Square footage of the home
-Year built
-Exterior Features (i.e. walls, roof, exterior trim)
-Style of house (i.e. ranch, two-story)
-Number of bathrooms
-Special features (i.e. fireplace, arched windows, any custom building)
-Recent home improvements
-Central air conditioning
-Attached garage
-Additional costs (i.e. debris removal, contractor and architect fees)

Replacement cost for a single home does not recognize the discounts on mass purchases that a multiple-home construction project does.

Copyright 2006 Erie Indemnity Company