Business & Tech
To Rebuild Or Not To Rebuild?
A question from a reader is answered by blogger Omar Fuentes, a senior risk manager for Professional Insurance Services.

Editor's Note: Last week we ran the first of many blogs by Omar Fuentes, Sr. Risk Manager at Professional Insurance Services. A reader chimed in with this question. See what Omar had to say...
Omar,
Great quick read with good advice. Question: how does one determine the cost to rebuild (versus market value)?
- JS
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JS, that is a great question. You can hire a surveyor or use an online rebuild calculator. Unfortunately you probably cannot depend on and online calculator for a definitive answer, but it can be used as a guide. Since most people will not hire a surveyor, besides the fact it is not cost effective, the best thing to do is actually review your coverage with your local agent. They have access to a lot of information that can assist with this calculation. Part of his or her job is to help manage your risk. I hope this helps.
Omar F
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