today , in SE/S LA, insurers will NOT allow less than $150/sq ft
And Flood renewals are now requesting RC Estimators either Xactimate or something similar. The days of "under-insuring" a structure to save $300 are disappearing fast.
Definitely. I was talking about the repair costs for a 4' tearout with basic finishes.
NFIP won't pay to match so not even upper cabinets.
Another thing to be aware of with NFIP is that if you do manage to get yourself underinsured you would subject yourself to a coinsurance penalty and the claim paid at a discounted ACV rate instead of RCV with recoverable depreciation.
Saving that 3 or 400 could cost you tens of thousands.