Tag Archives: Replacement Cost

If Your Home Is Insured Based On Market Value, You May Be At Risk

By Richard A. McGrath, CIC, LIA Many victims of the tornado that recently hit the Sturbridge area learned the meaning of “replacement costs” the hard way. In today’s housing market, with the price of housing having fallen, many homeowners have reduced their insurance coverage, based on falling market values.  But a home’s market value is […]