Market Value versus Replacement Value

Market Value versus Replacement Value

The importance of Insuring your Home to Value…….

Market Value (the price at which your home may sell today) is not the same as Replacement Cost (the actual cost to repair or rebuild your home).

As a homeowner, you may be perplexed by the gap between the current market value for your home and the replacement cost listed on your policy.  The estimated replacement cost for your home is a significantly more reliable indicator of the appropriate coverage limits needed in the event of a major lost

Do you know if your policy covers Market or Replacement value?

Great Ideas in Insurance

Contact Wolf Point Advisors and allow us to do a comprehensive review of your insurance portfolio

Terrance M. O’Donnell Associate Director    

35 East Wacker Dr. 37th & 38th fl

Chicago IL 60601

(O) 312.888.4500 (C) 773.491.1508

Email : todonnell@wolfpointadvisors.com 

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