Are You Prepared for Property Damage? Conduct a Home Valuation
Serving the following Maryland counties: Prince George's, Howard, Anne Arundel, Charles, Montgomery, St. Mary's, and the Mid-Atlantic region.
Your Coverage Should Reflect the Value of Your Home.
“How much is my house worth?” We hear this question a lot. Many homeowners don’t actually know the current value of their home or what their insurance policy actually covers. Unfortunately, not knowing is no excuse in the aftermath of a disaster.
If you’re underinsured, you may not be awarded the money you need to repair your home or replace it in the event of a total loss. At Shorter Settlements, we will conduct a thorough home valuation audit and an insurance review to verify that you’re properly covered.
Different ways we calculate home value:
To get you an answer to the question of how much your home is worth, our expert property appraisers will check house value in several ways:
- Fair Market Value: What your property is worth based on what someone would likely pay for it right now.
- Replacement Cash Value: What it would cost to replace your home if you suffered a total loss without factoring in depreciation.
- Actual Cash Value: What it would cost to replace your home based on its current condition, with depreciation factored in.
Once you have a home value estimate, we will conduct an insurance review to be sure your coverage matches your property valuation so that you can be confident repairs or replacement will be taken care of in the event of a disaster.