FHB Logo Facebook LinkedIn Email Pinterest Twitter X Instagram Tiktok YouTube Plus Icon Close Icon Navigation Search Icon Navigation Search Icon Arrow Down Icon Video Guide Icon Article Guide Icon Modal Close Icon Guide Search Icon Skip to content
Subscribe
Log In
  • How-To
  • Design
  • Tools & Materials
  • Restoration
  • Videos
  • Blogs
  • Forum
  • Magazine
  • Members
  • FHB House
  • Podcast
Log In

Discussion Forum

Discussion Forum

Earthquake Insurance replacement cost Southern CA

mattt19 | Posted in General Discussion on December 26, 2011 04:38am

Hi Everyone,

 

I live in Los Angeles and my earthquake insurance is up for renewal.  In the last few years my insurance company (GeoVera) has increased the amount my house is  insured for from $360,000 to $866,000.  Obviously the premium has gone up also (it’s almost doubled).  I’m trying to determine what the replacement cost for my house would be if it was totaled.

 

The house is a Craftsman built in 1913.  One story, 1600 square feet with a detached one car garage.  There’s a small 200 square foot studio above the garage.  

 

Deducting personal property and loss of use, I’m left with about  $430 per square foot to replace the house.  Is this high?  On average, what are construction cost per square foot to build a new house?

 

Thanks for any input.

 

Matt

 

   

Reply
  • X
  • facebook
  • linkedin
  • pinterest
  • email
  • add to favorites Log in or Sign up to save your favorite articles

Replies

  1. User avater
    xxPaulCPxx | Dec 26, 2011 08:31pm | #1

    If you are geting replacement value, then you are paying to rebuild a 1913 Craftsman - not a general tract house or McMansion.

  2. cussnu2 | Dec 27, 2011 02:30pm | #2

    http://building-cost.net/CompMatrix.asp

    Try this and see what you get.  I would have guessed that figure was at least 2x the real cost but maybe not.

  3. DanH | Dec 27, 2011 10:15pm | #3

    Is their number subtracting the value of the lot?  Obviously it should, but it's to the insurance company's and agent's advantage to "forget" to do that.

    1. mattt19 | Dec 28, 2011 12:11am | #4

      The value of the lot isn't included in their number.  It's the replacement value of the house and contents.

      1. User avater
        xxPaulCPxx | Dec 28, 2011 02:02pm | #6

        ...AND contents...

        It sounds less like a building question, and more like a question you need to ask a competing insurance company.  

        BID BABY, BID!

        1. mattt19 | Dec 28, 2011 02:47pm | #7

          It's either Geovera or the California Earthquake Authority (and the CEA matches your homeowners policy - Geoveras coverage is almost twice my homeowners coverage).

  4. Piffin | Dec 28, 2011 04:49am | #5

    330/ft is ow for a high end kitchen.

    sq ft pricing means little tho. I have done work from 150 to six hunded

    there would be costs to remove the existing and clean/repair the site as well after a devastating earthwuake.

    and local regulations ( that can do nothing but get worse) would complicate costs of a rebuild

    obviously the ins co is using cost figures they know are likely for your area. They have a better handle on this than someone in another part of the continent. If there is one thing they are good at, it is actuarials

    1. mattt19 | Dec 28, 2011 03:06pm | #8

      I'm not saying $330 is high or low for a kitchen.  I have no idea.  I'm just trying to get a handle on what's a reasonable amount to insure my house for.   From what very little I know it just seems like $425 - $475 a square foot to rebuild a modest 1600 sq ft (which is what would be left over after detucting living expences and contents from the insured amount) house on a flat lot is high.

       BTW- here's the contractor that bid on my kitchen.  Maybe he was bidding high for a low end kitchen ;-)

         http://tinyurl.com/cxkehkl

Log in or create an account to post a comment.

Sign up Log in

Become a member and get full access to FineHomebuilding.com

Video Shorts

Categories

  • Business
  • Code Questions
  • Construction Techniques
  • Energy, Heating & Insulation
  • General Discussion
  • Help/Work Wanted
  • Photo Gallery
  • Reader Classified
  • Tools for Home Building

Discussion Forum

Recent Posts and Replies

  • |
  • |
  • |
  • |
  • |
  • |
View More Create Post

Up Next

Video Shorts

Featured Story

Two Ways to Test Windows

New devices showcased at the Builders' Show make it easy to measure glass performance, u-factor, SHGC, window thickness, and more.

Featured Video

SawStop's Portable Tablesaw is Bigger and Better Than Before

The 10-in. Jobsite Saw PRO has a wider table, a new dust-control port, and a more versatile fence, along with the same reliable safety mechanism included in all SawStop tablesaws.

Related Stories

  • Podcast Episode 695: Saving Bricks, Cut-and-Cobble Insulation, and Waterproofing Foundations
  • FHB Podcast Segment: Waterproofing Below-Grade Foundation Walls
  • Midcentury Home for a Modern Family
  • The New Old Colonial

Highlights

Fine Homebuilding All Access
Fine Homebuilding Podcast
Tool Tech
Plus, get an extra 20% off with code GIFT20

"I have learned so much thanks to the searchable articles on the FHB website. I can confidently say that I expect to be a life-long subscriber." - M.K.

Get home building tips, offers, and expert advice in your inbox

Signing you up...

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
See all newsletters
See all newsletters

Fine Homebuilding Magazine

  • Issue 333 - August/September 2025
    • A Practical Perfect Wall
    • Landscape Lighting Essentials
    • Repairing a Modern Window Sash
  • Issue 332 - July 2025
    • Custom Built-ins With Job-Site Tools
    • Fight House Fires Through Design
    • Making the Move to Multifamily
  • Issue 331 - June 2025
    • A More Resilient Roof
    • Tool Test: You Need a Drywall Sander
    • Ducted vs. Ductless Heat Pumps
  • Issue 330 - April/May 2025
    • Deck Details for Durability
    • FAQs on HPWHs
    • 10 Tips for a Long-Lasting Paint Job
  • Issue 329 - Feb/Mar 2025
    • Smart Foundation for a Small Addition
    • A Kominka Comes West
    • Making Small Kitchens Work

Fine Home Building

Newsletter Sign-up

  • Fine Homebuilding

    Home building tips, offers, and expert advice in your inbox.

  • Green Building Advisor

    Building science and energy efficiency advice, plus special offers, in your inbox.

  • Old House Journal

    Repair, renovation, and restoration tips, plus special offers, in your inbox.

Signing you up...

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
See all newsletters

Follow

  • Fine Homebuilding

    Dig into cutting-edge approaches and decades of proven solutions with total access to our experts and tradespeople.

    Start Free Trial Now
    • Facebook
    • Instagram
    • X
    • LinkedIn
  • GBA Prime

    Get instant access to the latest developments in green building, research, and reports from the field.

    Start Free Trial Now
    • Facebook
    • YouTube
  • Old House Journal

    Learn how to restore, repair, update, and decorate your home.

    Subscribe Now
    • Facebook
    • Instagram
    • X
  • Fine Homebuilding

    Dig into cutting-edge approaches and decades of proven solutions with total access to our experts and tradespeople.

    Start Free Trial Now
    • Facebook
    • Instagram
    • X
    • LinkedIn
  • GBA Prime

    Get instant access to the latest developments in green building, research, and reports from the field.

    Start Free Trial Now
    • Facebook
    • YouTube
  • Old House Journal

    Learn how to restore, repair, update, and decorate your home.

    Subscribe Now
    • Facebook
    • Instagram
    • X

Membership & Magazine

  • Online Archive
  • Start Free Trial
  • Magazine Subscription
  • Magazine Renewal
  • Gift a Subscription
  • Customer Support
  • Privacy Preferences
  • About
  • Contact
  • Advertise
  • Careers
  • Terms of Use
  • Site Map
  • Do not sell or share my information
  • Privacy Policy
  • Accessibility
  • California Privacy Rights

© 2025 Active Interest Media. All rights reserved.

Fine Homebuilding receives a commission for items purchased through links on this site, including Amazon Associates and other affiliate advertising programs.

  • Home Group
  • Antique Trader
  • Arts & Crafts Homes
  • Bank Note Reporter
  • Cabin Life
  • Cuisine at Home
  • Fine Gardening
  • Fine Woodworking
  • Green Building Advisor
  • Garden Gate
  • Horticulture
  • Keep Craft Alive
  • Log Home Living
  • Military Trader/Vehicles
  • Numismatic News
  • Numismaster
  • Old Cars Weekly
  • Old House Journal
  • Period Homes
  • Popular Woodworking
  • Script
  • ShopNotes
  • Sports Collectors Digest
  • Threads
  • Timber Home Living
  • Traditional Building
  • Woodsmith
  • World Coin News
  • Writer's Digest
Active Interest Media logo
X
X
This is a dialog window which overlays the main content of the page. The modal window is a 'site map' of the most critical areas of the site. Pressing the Escape (ESC) button will close the modal and bring you back to where you were on the page.

Main Menu

  • How-To
  • Design
  • Tools & Materials
  • Video
  • Blogs
  • Forum
  • Project Guides
  • Reader Projects
  • Magazine
  • Members
  • FHB House

Podcasts

  • FHB Podcast
  • ProTalk

Webinars

  • Upcoming and On-Demand

Podcasts

  • FHB Podcast
  • ProTalk

Webinars

  • Upcoming and On-Demand

Popular Topics

  • Kitchens
  • Business
  • Bedrooms
  • Roofs
  • Architecture and Design
  • Green Building
  • Decks
  • Framing
  • Safety
  • Remodeling
  • Bathrooms
  • Windows
  • Tilework
  • Ceilings
  • HVAC

Magazine

  • Current Issue
  • Past Issues
  • Magazine Index
  • Subscribe
  • Online Archive
  • Author Guidelines

All Access

  • Member Home
  • Start Free Trial
  • Gift Membership

Online Learning

  • Courses
  • Project Guides
  • Reader Projects
  • Podcast

More

  • FHB Ambassadors
  • FHB House
  • Customer Support

Account

  • Log In
  • Join

Newsletter

Get home building tips, offers, and expert advice in your inbox

Signing you up...

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
See all newsletters
See all newsletters

Follow

  • X
  • YouTube
  • instagram
  • facebook
  • pinterest
  • Tiktok

Join All Access

Become a member and get instant access to thousands of videos, how-tos, tool reviews, and design features.

Start Your Free Trial

Subscribe

FHB Magazine

Start your subscription today and save up to 70%

Subscribe

Enjoy unlimited access to Fine Homebuilding. Join Now

Already a member? Log in

We hope you’ve enjoyed your free articles. To keep reading, become a member today.

Get complete site access to expert advice, how-to videos, Code Check, and more, plus the print magazine.

Start your FREE trial

Already a member? Log in

Privacy Policy Update

We use cookies, pixels, script and other tracking technologies to analyze and improve our service, to improve and personalize content, and for advertising to you. We also share information about your use of our site with third-party social media, advertising and analytics partners. You can view our Privacy Policy here and our Terms of Use here.

Cookies

Analytics

These cookies help us track site metrics to improve our sites and provide a better user experience.

Advertising/Social Media

These cookies are used to serve advertisements aligned with your interests.

Essential

These cookies are required to provide basic functions like page navigation and access to secure areas of the website.

Delete My Data

Delete all cookies and associated data