YOUR HOME: replacement cost vs market value

If this question has crossed your mind in recent months or maybe even years, you're not the only one. It is critical, however, to understand the difference between your home's replacement cost and its market value.

The replacement cost listed on your homeowner's insurance policy is the cost to repair or rebuild your home in the event that it is damaged. The market value of your home is the price that you could sell your home in today's market.

This may be a surprising finding, but according to Engineering news-Record, 2010 the cost to rebuild/repair homes increased by about 1.3% from January of 2009 to January of 2010.  The replace

At Gillman Insurance, your Problem Solvers can find other ways to save you money without decreasing the replacement cost of your home!!