Tag Archives: home replacement cost

About Homeowners Insurance: Replacement cost vs. Market Value explained

Posted by Amy Silknitter in Homeowners & Renters Insurance

We are frequently asked this question about homeowners insurance — Why do I have to insure my home for $250,000 when the houses in my neighborhood are only selling for $200,000? Our job, as your agent is to make sure that you have adequate coverage if the worst happens.    Replacement cost is the actual materials, labor, [...]

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