- One of the BIGGEST reason why I got earthquake for myself is for the loss of use coverage (living expense), more so than the rebuilding of the house. 

And they will become wealthy far faster than I will, or they may lose their investment, spend some of their reserves, and have to rebuild.

Using construction estimating programs the company is attempting to figure out the cost to rebuild with the same kind and quality. 

Is it then considered a rebuild rather than a new build, and less costs?

Most of the calls are from people that have insurance and want to repair or rebuild their home, but not sell, because they still have a mortgage. 

We're rebuilding from the inside out, bracing and restructuring as we go.  

Best case scenario would be to replace the rotten joists, and rebuild it how it is.  

Due only to this one provision, lenders won't lend as their collateral in rebuilding is compromised.

So managed to get all that settled and then the underwriter still wouldn't close the deal because the zoning in this area has changed and the city could not guarantee that we would be able to rebuild "exactly the same" in a case of a total loss....the city was very reasonable and said there is a process in place but that they couldn't guarantee that the process would still be in place in the future...totally logical from my standpoint.So we finally had to change lenders on about day 60, and their underwriter took a look at all our information and said that the timeline that triggered the 2nd inspection was in fact outside the time to require that second inspection. 

I could afford to rebuild them if something happened.