Calculators for estimating the cost of a home rebuild are useful for getting a ballpark figure, but are not reliable for calculating exact figures, reports Insure.com. Homeowners often do not carry adequate insurance to cover the cost of rebuilding.
Rebuilding a home is necessary in the wake of fires, landslides, floods or various natural disasters. An online calculator such as the one at HMFacts gives homeowners an idea of how much that could cost, but users often do not include enough information, or they overlook necessary expenses such as debris removal when doing the math. Accurate information yields a better estimate, but it is important to consult local contractors to get a more complete picture, states Insure.com.