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Wondering how much insurance to carry on our tiny cabin, only 384 sq ft. Between the structure (15K) and contents (8K) we have 25K or less and we are paying for 80K to our carrier. So I'm wondering how much others are carrying. Thanks
 

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seems correct, how much liability if someone gets hurt on your property ?? Anymore that seems like the number you have to worry about the most..
 

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It is my understanding, and correct me if I'm wrong, your policy should cover needed funds to clear the site after the loss (for example, a fire), funds to prepare the site for the new build, funds for the actual new construction, and then funds to replace contents. $80K is going to go fast, especially if anything at your current location is grandfathered in and the new structure needs to meet current code requirements.
 

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Wondering how much insurance to carry on our tiny cabin, only 384 sq ft. Between the structure (15K) and contents (8K) we have 25K or less and we are paying for 80K to our carrier. So I'm wondering how much others are carrying. Thanks
Remember, replacement costs will increase annually, so you are better off being a bit over insured that under insured.
 

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Wondering how much insurance to carry on our tiny cabin, only 384 sq ft. Between the structure (15K) and contents (8K) we have 25K or less and we are paying for 80K to our carrier. So I'm wondering how much others are carrying. Thanks
You can either have replacement cost or actual cash value.Currently the average cost of new construction is $140/sq ft depending on many different factors.That would be about 54k if you had a basement.I would say your way over insured for a cabin that's less than 400 sq ft.Removal and cleanup of debris is 5% of the total cost of the claim.
 

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I'd agree your over insured for such a small place. Just because it's insured for 84k doesn't mean they'll cut you a check for that in the event of a total lose. Most agents have a replacement cost estimator that can get you in the neighborhood of an appropriate value. I'd talk to the agent or the carrier if you deal direct.
 
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