Boca Raton Homeowner’s Insurance

Market Value vs. Replacement Cost When deciding how much insurance you need to cover your home, think replacement cost rather than market value. Most people tend to think about the market value, which is the selling price of your home. This value goes up or down based on the economy, the supply and demand for homes in your neighborhood, local employment levels and other factors. Replacement cost, on the other hand, is the amount it would take to rebuild your…

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