HILLSBORO -- Ron Cardosa was shocked when he got his homeowners insurance renewal in the mail.

It went from 700 and some dollars to a thousand dollars and I went my goodness, what are these guys charging me for?

Cardosa admits he hasn t checked out the policy on his Portland home since he bought it 25 years ago.

But when he saw that Nationwide Insurance had upped his replacement cost of his 1907 home to $395,000 he couldn t believe it.

I would love to have the house worth $395,000 but I don t think it s worth that at all. said Cardosa. For me to insure it at $395,000,if it burns down Nationwide is not going to build me a $395,000 house. You're going to build me a $285,000 dollar house.

The more than $100,000 discrepancy in the cost to replace the home may lie within the walls of the home.

When Cardosa called Nationwide and asked what the replacement cost was based on, he learned the insurance company had his home listed as having the same old walls it was built with back in 1907, lath and plaster.

Lath and plaster is more expensive to replace than the dry wall used today and Cardosa said that s one of the main reasons Nationwide gave for his high cost insurance.

I took it (lath and plaster) out when I bought the place 25 years ago, he said, It s all gone.

Cardosa said he told the Nationwide employee, if it was going to cost me more in my insurance and you were gonna hike up my rates if replaced, why would you not call me and ask to confirm that I had lathe and plaster walls?

Cardosa estimates he s been charged nearly $7,000 over the past 25 years for the added expense of lath and plaster and he wants Nationwide to refund his money.

Nationwide Insurance Spokesperson Mike Switzer said Nationwide does reach out pro-actively to customers to engage them in conversations about their coverages on a regular basis. We have reached out to this customer in the past to update coverage, unfortunately no new information was provided until his recent call.

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