Market Value vs. Replacement Cost

Choosing the right amount of home insurance coverage will allow you to rebuild your home in the event of a total loss. This amount is known as the replacement cost of your home, and it’s different from the market value of your home.
 
Choosing the right amount of home insurance coverage will allow you to rebuild your home in the event of a total loss. This amount is known as the replacement cost of your home and it's different from the market value of your home.
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