Another family dinner and another insurance topic! Last week the devastating tornado that ripped through Nashville was the topic at dinner one night.
My daughter has a friend who recently bought her first house in Nashville and as I watched the damage estimates from the storm, I wanted to know how if this new homeowner and her family were safe and if their home was damaged.
Thankfully for these new homeowners, they were safe and there was no significant damage to their home. One interesting thing to me about tornados is just how unpredictable their path can be. One home can be leveled while a neighboring home can be left undamaged. This was the case with the people we know in Nashville. They did okay and their neighbors now have no home.
In Worcester county, the 1953 F4 tornado is the one that is most memorable to our agency. Although I was not here on that date, the pictures we have and the client stories that were shared are extraordinary. At the time of that tornado, our clients that had severe damage had the coverage they needed.
It is also interesting to note that my parents’ first two-bedroom home on Bay State Road in Worcester cost $7000. Today that same home last sold for about $210,000!
So tornados get me thinking again, have people that own homes insured them to their replacement value?
If that tornado comes down your street and hits your home, will you be able to rebuild as our clients did in 1953?
The first step is: Do you know how much insurance you have selected for your home?
Second Step: Evaluate if this amount would be sufficient to rebuild your home.
If you have any questions on rebuilding cost estimates we can assist with estimates and then we do recommend you check in with a local builder as well.