replacement cost

Real Estate

Real Estate Insurance: Market Value Is Not Replacement Cost

by Tom Koziol | March 20, 2009

We all know today’s real estate market has seen some dramatic downturns in market value. What we may not know is replacement cost hasn’t nose dived like market value. In fact, if the National Association of Home Builders figures for the years 2002 to 2008 are correct, replacement costs have more than doubled for replacing [...]

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