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12 January, 00:46

Why might the listed replacement value on a policy not accurately reflect the cost of replacing a home?

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  1. 12 January, 00:59
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    The listed replacement value on a policy not accurately reflect the cost of replacing a home because the insurance replacement estimate may or may not be entirely accurate depending on factors such as Build grade and finishing option's. The insurance company only does an estimate of rebuild cost based on current market prices by square footage.
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