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re: So, insurance companies now send drones to assess your stuff?
Posted on 5/15/26 at 10:32 am to Stexas
Posted on 5/15/26 at 10:32 am to Stexas
quote:
How does me wanting to underinsure my home hurt honest customers? I think I should be able to choose how much insurance I want, especially on a house with no mortgage.
I think you should be able to, but I don’t see what a drone has to do with that.
0
Posted on 5/15/26 at 10:32 am to Stexas
quote:
How does me wanting to underinsure my home hurt honest customers? I think I should be able to choose how much insurance I want, especially on a house with no mortgage.
The problem is the portion you don’t insure will never be damaged unless the house is a total loss.
Posted on 5/15/26 at 10:34 am to ChatGPT of LA
quote:
wht would cause a video to raise the estimate?
there's several home characteristics that go into the replacement cost calculator.
Roof type, slope, geometry, porch sizes, ceiling heights, etc etc.
Posted on 5/15/26 at 10:35 am to blueboy
You don’t have to insure it for the total value they evaluate it at. You can insure it for what it’s really worth and what is an acceptable risk for you.
Posted on 5/15/26 at 10:35 am to ChatGPT of LA
quote:
Other than square footage, wht would cause a video to raise the estimate?
Most common I would say are square footage, roof shape, undisclosed attached structure (like a garage)
They can also discover things like pools (even plastic and inflatable pools if unfenced) and trampolines. That is an entire other can of worms
Posted on 5/15/26 at 10:37 am to ultratiger89
quote:
You don’t have to insure it for the total value they evaluate it at.
You aren't setting underwriting guidelines bro. They are.
quote:
You can insure it for what it’s really worth and what is an acceptable risk for you.
Policies are made to insure for coverage to get replacement. Not just what its worth. There's too much confusion with the blurred lines of real estate value vs replacement cost value.
Posted on 5/15/26 at 10:38 am to ultratiger89
quote:
You don’t have to insure it for the total value they evaluate it at. You can insure it for what it’s really worth and what is an acceptable risk for you.
Most insurance value polices are replacement value and you must insure them for what the insurance company says they are worth. They dont care about your market value, appraisal value, or any value outside of replacement cost
You can get an ACV type policy, however, if you have a mortgage that is likely a no go. Mortgage will require replacement value up to value of the loan, which requires a replacement value policy which in turn requires you to write the policy for full replacement (In most instances, very few will let you go 10% below)
Also, I am speaking about Louisiana when I say these things
This post was edited on 5/15/26 at 10:40 am
Posted on 5/15/26 at 10:39 am to blueboy
quote:
friend's wife told me the insurance company raised their premiums after they sent a drone to their house to assess the total value of their house, shed and other small structures. She said it went as low as head level and took extensive video, which cause the company to raise the total value of their house, thus necessitating a higher level of total coverage.
Well this is a pretty routine thing companies do every couple years with policy renewals.. Most good HO3(your pretty standard policy) have inflation gaurds built into them and value typically raises with normal inflation..
Drones are also used to assess roof condition, home condition and to see if anything like a shed, pool, Etc has been added since the last inspection because that can cause and increase in risk and/or value..
Drones are also good for these inspectors because they typically show up unannounced anyway so it allows them to do their job without pissing off a homeowner, getting bit by a dog or not being able to access the rear yard..
Not sure why you're all bent out of shape about this
This post was edited on 5/15/26 at 10:41 am
Posted on 5/15/26 at 10:48 am to ultratiger89
quote:
You don’t have to insure it for the total value they evaluate it at. You can insure it for what it’s really worth and what is an acceptable risk for you.
You do know market value and the cost to replace are two completely different thing right?
Say you find an 30-40 year old house in the 3000 sqft range that could you a little TLC.. You purchase said house for 275,000...Great.. Insurance estimates the Replacement to be 400,000(and you elected to get the 25% additional coverage offered for insuring it and RC).... this house burns slap down to the slab the next day... Do you think you're rebuilding the same size & quality and the purchase price?? Negative... But you can with the Replacement cost from the policy
Posted on 5/15/26 at 10:50 am to blueboy
Drones are pretty common to use for routine new policy inspections nowadays. Easier to get good views of the roof and they can get pics of the rear of the home and backyard without needing someone to be home. Adjusters are using drones more often too, especially for roof claims.
Increases in coverage post-inspection has been happening way before drone use. Probably has to do with a discrepancy in square footage between what was listed on the policy application vs what the inspection came up with. Easy to dispute with something like an appraisal if you think the inspector was wrong.
Increases in coverage post-inspection has been happening way before drone use. Probably has to do with a discrepancy in square footage between what was listed on the policy application vs what the inspection came up with. Easy to dispute with something like an appraisal if you think the inspector was wrong.
Posted on 5/15/26 at 10:57 am to blueboy
Not new and they do this other ways by either sending someone to inspect or making you download an app and taking the photos yourself
I just switched carriers because my old carrier had sent an inspector a few weeks before my renewal and they raised my replacement value to about 30% higher than what it would be and my interior contents to $500K. I don't have $500K worth of stuff inside my house. When I asked them how they came up with that number they said a house my size can easily fit $500K worth of stuff. In other words it was fugazi. It would have raised my rates by $4500 more this year.
If I could get away with it, I should have burned it down and called their bluff.
I just switched carriers because my old carrier had sent an inspector a few weeks before my renewal and they raised my replacement value to about 30% higher than what it would be and my interior contents to $500K. I don't have $500K worth of stuff inside my house. When I asked them how they came up with that number they said a house my size can easily fit $500K worth of stuff. In other words it was fugazi. It would have raised my rates by $4500 more this year.
If I could get away with it, I should have burned it down and called their bluff.
This post was edited on 5/15/26 at 10:58 am
Posted on 5/15/26 at 11:00 am to blueboy
Last summer my insurance co sent up a drone and tole me that I needed to cut some tree limbs off my house! 
Posted on 5/15/26 at 11:03 am to ultratiger89
quote:
You don’t have to insure it for the total value they evaluate it at. You can insure it for what it’s really worth and what is an acceptable risk for you.
If the carrier's underwriting rules say they'll only insure it for 100% of replacement value, then you can either insure it for what they estimate the replacement value at or you can find a different insurance company who will let you under-insure. You don't have to agree to their underwriting rules and they don't have to agree to insure your house.
The vast majority of homeowners insurance companies only write replacement cost policies, which means they're going to make you insure for full replacement value.
Some companies will write ACV policies that don't require you to insure for replacement cost and let you decide how much you want to insure it for. The issue with that is that if you decide you only want to insure the house for 200K and the true replacement cost is actually 400K, then you're going to be viewed as self-insuring for 50% of the risk (aka co-insurance). So when you make a claim, the insurance company is only covering 50% of damage at ACV and then subtracting your deductible from that. The percentage of co-insurance will be based on the percentage of what you insured the house for vs what its replacement value is prior to the loss. Its a piece of shite policy, which is why most companies don't offer it. They don't want the headaches because a high number of those claims will inevitably end up with the company having to defend lawsuits when policy holders are surprised to find out that claims don't work the same way on under-insured ACV policies as they do on RCV policies insured to value.
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