An emphatic NO! Your Home Replacement Value relates to what it would cost to rebuild your home if you had a total loss of the insured structure(s). This figure, of course, does not include the land value. Market value relates to your home’s worth to prospective buyers. Assessed value is determined by your local community for property tax purposes.
NOTE: If you haven’t had a Home Insurance Replacement review recently, call us. We provide a free review service.