Some helpful info from our friends at
Trident Insurance Agency:
Be careful. You might just get what you pay for.
There are two key distinctions that every homeowner should know when insuring their home: "replacement cost" versus "market value."
Market value is the price paid for your house. Replacement cost is the price or cost it will take to rebuild your house in the same spot, same size and same quality of construction, at today's costs.
Insurance companies use the replacement cost valuation.
If you need help finding the best homeowner's
insurance coverage to fit your needs email Jessica.Nydick@FoxRoach.com