PipeChat Digest #2485 - Monday, November 5, 2001
 
Re: Church insurance
  by <MFoxy9795@aol.com>
Re: Church insurance
  by "Noel Stoutenburg" <mjolnir@ticnet.com>
 

(back) Subject: Re: Church insurance From: <MFoxy9795@aol.com> Date: Sun, 4 Nov 2001 22:51:28 EST   i just got my real estate license. one of the items in the appraisal = section was about the cost of reproduction versus the cost of replacement. reproduction creates a replica; replacement creates just a building with = the same utility. this may explain the great discrepancy between these = figures.   "Here is a very important Article about the Church that burned. In the article it says "The church, which is insured, is assessed at $450,900. =   But officials estimate it could cost $5 million to rebuild."   http://canada.com/halifax/dailynews/story.asp?id=3D{D61E04AD-5588-4206-8BEA= -9F8C   EC421849} "     merry  
(back) Subject: Re: Church insurance From: "Noel Stoutenburg" <mjolnir@ticnet.com> Date: Mon, 05 Nov 2001 01:58:02 -0600       MFoxy9795@aol.com wrote:   > i just got my real estate license. one of the items in the appraisal = section > was about the cost of reproduction versus the cost of replacement. > reproduction creates a replica; replacement creates just a building with = the > same utility. this may explain the great discrepancy between these = figures.   I think that is only half of the story. In my experience, churches are notoriously poor at updating insurance to reflect the current costs of replacement, and frequently have had policies which provided for = compensation of losses based upon "depreciated value", rather than "replacement value".   ns