Market Value vs Replacement Cost: What Is The Difference?

Posted by admin on Jun 6, 2011 in Blog | 0 comments By Ian W Anderson For those who have ever purchased a home, which requires Homeowners insurance, you may recognize that there is a difference between the amount you paid for the home and the actual amount of your basic coverage for the home, without belongings. This is simply because you paid market value for your home while the insurance company used replacement cost value to estimate what the...
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