Insuring Your Home - Replacement Cost Vs. Market Value

Insuring Your Home - Replacement Cost Vs. Market Value

Most homeowners have a fairly good idea of what their homes are worth...

So when they glance at their homeowner's insurance declarations, they are sometimes shocked by the fact that the dwelling coverage on their policy is substantially higher than the value of their home. With a big savings in mind, they gleefully ring their agent and inform the agent that there has been some sort of mistake.

But, has there been a mistake?