How Much Do I Insure My Building For?
 In purchasing insurance for property, one of the
biggest questions is "what amount to insure a building for?" Not surprisingly,
there are some different options.
Some of the primary options that an owner may
start with: Cost of Reconstruction, Market Value, Purchase Price or Loan Amount
Fortunately, all of these amounts relate to two methods
of valuation for property insurance:
1.
Replacement Cost
2.
Actual Cash Valuation
Most
insurance buyers will want to take the replacement cost option but there is
merit to either plan.
To read about these two methods and what they offer please Click Here!
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