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Reply to State Farm Option Id?     
Old 03-17-2011, 03:59 PM   #1
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Patriotagent on State Farm Option Id? - Insurance Forum
 
Join Date: Nov 2009
Posts:21
State: Patriotagent is an Insurance Agent from Indiana
State Farm Option Id? State Farm Option Id?
Local agent is working me hard to switch my HO and cars to SF I'm with Met Life now.

Whats up with the ID thing? Their quote was $87,000 lower on dwelling A. I asked why they missed it, and oh she's like I'm sorry for not mentioning that LOL

My house will never flood, no hurricanes, maybe a tornado, but not even that would make the cost of building go up like Katrina did.

I'm P&C licensed, but far from an expert. Just need some help.
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Old 03-22-2011, 06:57 PM   #2
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Join Date: Feb 2011
Posts:26
State: bmartin21 is an Insurance Agent from California
State Farm Option Id? Re: State Farm Option Id?
Option Id stands for Increased Dwelling. Basically, it's State Farm's extended replacement cost which happens to be 20%. In other words, if your home was insured at 100,000, with option id, you would be covered up to $120,000. My advise, find a company that offers extended replacement at 50%.
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Old 03-23-2011, 05:21 AM   #3
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Join Date: Feb 2011
Posts:564
State: BTFuzz is an Insurance Agent from Pennsylvania
State Farm Option Id? Re: State Farm Option Id?
Originally Posted by Patriotagent View Post
Local agent is working me hard to switch my HO and cars to SF I'm with Met Life now.

Whats up with the ID thing? Their quote was $87,000 lower on dwelling A. I asked why they missed it, and oh she's like I'm sorry for not mentioning that LOL

My house will never flood, no hurricanes, maybe a tornado, but not even that would make the cost of building go up like Katrina did.

I'm P&C licensed, but far from an expert. Just need some help.
You're in PA right? Call an Erie agent. Their ultra cover home policy has no cap on the replacement cost. Can't find a better policy in the state.
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Old 03-24-2011, 09:23 AM   #4
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Patriotagent on State Farm Option Id? - Insurance Forum
 
Join Date: Nov 2009
Posts:21
State: Patriotagent is an Insurance Agent from Indiana
State Farm Option Id? Re: State Farm Option Id? Patriotagent is the thread starter for: State Farm Option Id?

Thanks Guys.. I'm in Indiana, but have plenty of Erie agents around to see
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