Rhode Island home rebuild cost calculator
By Severance Calculator Editorial · Updated
What does it cost per square foot to rebuild a home in Rhode Island?
Rhode Island is in the New England Census division; NAHB 2024 median custom $/sqft is ~$190. Providence metro runs near the regional baseline; coastal Newport and South County communities carry above-baseline construction premiums.
Rhode Island replacement-cost statute
Rhode Island General Laws §27-5-3.2 (Property Insurance — Replacement Cost Limit on Lender-Required Coverage) — view full text.
Under R.I. Gen. Laws §27-5-3.2, no lender doing business in Rhode Island may require a mortgagor to carry property insurance in excess of the replacement cost of buildings or appurtenances subject to the mortgage. Specific replacement-cost vs. ACV settlement methodology is set by the issued policy form approved by the Rhode Island Insurance Division.
Post-disaster reconstruction premium
Rhode Island's coastline (Washington, Newport, Bristol counties) faces nor'easter and tropical-system exposure (the 1938 Hurricane and Sandy 2012 are documented benchmarks). Inland communities primarily face winter ice-dam, freeze-pipe, and snow-load losses.
Where to get help in Rhode Island
Rhode Island Department of Business Regulation, Insurance Division — consumer help
FAQ — Rhode Island rebuild cost
- Is replacement cost coverage required in Rhode Island?
- Under R.I. Gen. Laws §27-5-3.2, no lender doing business in Rhode Island may require a mortgagor to carry property insurance in excess of the replacement cost of buildings or appurtenances subject to the mortgage. Specific replacement-cost vs. ACV settlement methodology is set by the issued policy form approved by the Rhode Island Insurance Division.
- What happens to rebuild costs after a major disaster in Rhode Island?
- Rhode Island's coastline (Washington, Newport, Bristol counties) faces nor'easter and tropical-system exposure (the 1938 Hurricane and Sandy 2012 are documented benchmarks). Inland communities primarily face winter ice-dam, freeze-pipe, and snow-load losses.
- What is the typical $/sqft to rebuild in Rhode Island?
- Rhode Island is in the New England Census division; NAHB 2024 median custom $/sqft is ~$190. Providence metro runs near the regional baseline; coastal Newport and South County communities carry above-baseline construction premiums.