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Replacement Cost VS Market Value | How building insurance is figured
10:36
YouTubeShine Insurance
Replacement Cost VS Market Value | How building insurance is figured
A lot of people have the misconception that the Dwelling Coverage on your insurance policy reflects the Market Value of your home. For most insurance policies, this isn’t the case at all. The Dwelling Coverage is an estimate of the Replacement Cost for your home. So what’s the difference? REPLACEMENT COST is how much it would actually cost ...
59.7K viewsMay 15, 2017
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