Profile picture for leonardik

What is the Replacement Cost Estimator?

  • August 05 2009 - Julington Creek
  • 1
    1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (4)

Profile picture for RobertJohnson31
[Removed by Zillow moderator. Please see our Good Neighbor Policy for information.] 
  • October 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

At Farmers, our replacement cost estimator allows me to help clients create realistic estimates of the cost to rebuild their home in the event of a total loss.   The estimator is good but not perfect, which is why I visit every home I insure prior to binding a policy.  In Oakland, CA many of our homes are over 50 years old, and they have been updated more than once.  Understanding the mix of old and new, trim level and general quality conditions helps me create an accurate estimate.
  • September 29 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

A Replacement Cost Estimator is a third party vendor that insurer's use to determine the estimated cost to replace your home to the same size and quality of features. These venders use local labor costs and building materials costs so are quite accurate, usually coming within $10-20,000 of what will show an appraisal (usually on the bottom of the third page where it says Replacement Cost Approach.) If the insurance agent comes up with something significantly higher or lower than what is on the appraisal then there is a problem.
  • August 20 2009
  • 2Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for sunnyview
Replacement cost estimators are often used by insurers to estimate the replacement value of a structure for insurance purposes. You can find them online for free for personal use like this one here. As far as I know, Zillow does not have one.
  • August 06 2009
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.