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Buying Insurance
Date: Apr 12, 2005
Contributor: Darryl Bustillos
HOW MUCH TO BUY?
When buying insurance, owners need to consider the cost of rebuilding their homes, said Jeff Weiner of MDW Ampac Insurance in Coral Gables.
A ballpark estimate for rebuilding the average South Florida home that's not on the water is $150 per square foot.
For luxury homes: In areas such as Gables Estates in Miami-Dade or Lighthouse Point in Broward, construction costs can range from $200 to $300 per square foot.
The best advice: Consult a general contractor who is familiar with your neighborhood for the latest estimates on construction costs.
For more information relating to "Buying Insurance", please visit our Buying Insurance page.
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