Bamboo: Replacement Cost Estimate

What are the bamboo insurance replacement cost rules?

The Company uses the ISO 360 Value Replacement Cost Estimator and inspection reports as a guide for each dwelling’s estimated replacement cost.

Please note that the Company’s evaluation is not a substitute for the insured’s determination of the actual replacement cost of their dwelling.

AUTOMATIC ADJUSTMENT OF LIMITS

The limits that apply to Coverage A, B, C, and D may be increased on an annual basis based on the greater of:

• A replacement cost estimate from a major appraisal company using property characteristics provided by the
• A 4% annual inflation

However, please note that it remains the insured’s responsibility to ensure that the dwelling remains insured to 100% of its replacement cost. This includes notifying The Company within 90 days of any additions or other physical changes that increase the value of either the dwelling or other structures on the premises by $5,000 or more.