Last year it was insured for 1600 sq ft. This year they decided (on their own wihtout measuring it) that it is 3,000 sq ft!
Even the town taxes me at 1400 sq ft! The insurance company said the town does that to help ppl save on taxes but I'm not so sure I believe them. This town is money hungry. Its not like them to try to help someone. Unless they can help you part with your money.
My house is 1&1/2 story. The upstairs walls are slanted inwards in all rooms but one and the short hallway. It is a 4 bedroom but very small rooms.
The insurance company said to times length by width and then add 1/2 of that for the upstairs. Is that right? I'm not sure I believe them. All they want is my money!
2007-05-19 02:57:20 · 6 answers · asked by Mrs J 6 in Business & Finance ➔ Insurance
Yep, measure the OUTSIDE of the house, length times width. That gives you the GROUND square feet. Then for the 1/2 story, multiply that number by .5 - half the ground story has more house over it.
If the second half is a finished attic, the town might not know that, and that's why they're underestimating you.
What they REALLY want, is if your house burns down, and you want it FIXED, they want you to have enough money to pay to rebuild it so you don't sue them for not insuring them for enough. And if there's a PARTIAL loss, they want you fully insured, because if you're NOT fully insured, you only get paid the percentage that you're insured, even for a PARTIAL loss.
2007-05-19 03:32:35 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
That sounds like a reasonably way to measure, if you agree that the upstairs space is about half of the downstairs.
Something sounds very strange here - there's a huge difference between 1400 sq ft (a pretty small house for a 4-bedroom) and 3000 sq ft (pretty spacious). My 4-bedroom 2 story house is a little under 2000 sq ft - it's not huge, but rooms aren't tiny either.
2007-05-19 10:02:55 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I just had to do this as well.
Measure each room (not the garage) at the base board, corner to corner. Normally in a square/rectangle shaped room you only need to measure two adjoining walls and not all four. Call one side length and the other width. Once you have measured all rooms and hallways add all the widths together and then add all the lengths together and multiply the total length by the total width.
Dont buy the add 1/2 for the upstairs unless it turns out to work in our favor.
2007-05-19 10:06:49 · answer #3 · answered by Rod 3 · 0⤊ 0⤋
Why dont you just call a contractor to give u an estimate on doing the entire house's tile.... have him measure it, and then call back and tell them you decided to go with someone else. That way you can make sure you measured it right.
2007-05-19 10:12:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you don't like their calculation for your square footage - shop around. Call some other agencies to see what their measurements and related charges would be.
2007-05-19 10:12:51 · answer #5 · answered by Angie 6 · 0⤊ 0⤋
length by width.outside dem.2 story, same way. add both together.
2007-05-19 10:11:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋