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What happened? Take me back(lemmy.world)

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return2ozma@lemmy.world
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Webster@lemmy.world
3 points

The insurance is based on the cost to rebuild the home, which has also drastically gone up, so it makes sense that it has risen too

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grue@lemmy.world
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Yes and no: yes in that the real cost has indeed drastically gone up, but no in the sense that the cost that the insurance company would actually pay would be based on the policy’s coverage limits, and I’m not sure if those have actually been adjusted to keep up…

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