Rising Rebuild Costs in Abbotsford: Is Your Home Properly Insured?

Over the past few years, rebuilding costs across Canada have increased dramatically—by nearly 25% since 2021. Here in Abbotsford and the Fraser Valley, rising labour, material, and construction costs are making it more expensive than ever to rebuild a home after a loss.

What does this mean for homeowners?
It means your current insurance coverage may no longer reflect the true cost to rebuild your property.

Many policies are based on replacement cost estimates that were calculated years ago. Without regular updates, there’s a real risk of being underinsured—leaving you with unexpected out-of-pocket costs in the event of a claim.

At Saxbee Insurance, we recommend reviewing your replacement cost regularly to ensure your coverage keeps pace with today’s market conditions. It’s a simple step that can make a major difference when it matters most.

If it’s been a while since your last review, now is the time.