REBUILDING COST CHART

WHAT IT WILL COST TO REBUILD THIS...SPRING

houses
HOMES AND RENTAL PROPERTY

Trend of Construction Costs of Dwellings

FIRST QUARTER 2003

Values on residences and rental property have changed during the past five years. If your insurance was adequate before, these percentages indicate approximate amounts to increase your insurance now.

Increase policies by these percentages:

--POLICIES WRITTEN--
Jan., Feb., March199820002002
Frame+12.5%+6.9%+2.2%
Brick+13.4%+7.2%+2.3%

office
APARTMENTS, HOTELS, OFFICE BUILDINGS

Trend of Construction Costs--
Apartments, Hotels, Office Buildings

FIRST QUARTER 2003

Percentages below indicate amounts necessary to increase policies on apartments, hotels, and office buildings expiring this spring if the policies were previously written in adequate amounts.

Increase policies by these percentages:

--POLICIES WRITTEN--
Jan., Feb., March199820002002
Brick-Wood+12.6%+7.5%+2.9%
Brick-Conc.+12.3%+7.3%+3.3%
Brick-Steel+10.8%+6.4%+2.4%

factory
FACTORIES AND COMMERCIAL BUILDINGS

Trend of Construction Costs--
Factories and Commercial Buildings

FIRST QUARTER 2003

Factories and commercial buildings likewise cost more to build this spring. Figures below show amounts to increase previously adequate policies covering factories and commercial buildings.

Increase policies by these percentages:

--POLICIES WRITTEN--
Jan., Feb., March199820002002
Frame+8.3%+6.4%+3.1%
Steel+5.8%+5.0%+2.1%
Brick-Wood+11.4%+7.5%+2.9%
Brick-Conc.+9.1%+6.7%+2.3%
Brick-Steel+12.4%+7.5%+3.0%

Written permission was granted by the owner of the copyright, Marshall & Swift/Boeckh (MS/B), Los Angeles, CA, prior to using MS/B's Building Cost Index. The charts and percentages are based on national construction cost figures and are used for demonstration purposes only. Actual local construction costs, or an appraisal, should be the final basis for determining your property values.

Copyright 2003. All rights reserved. The Rough Notes Co., Inc., Carmel, IN 46032