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ISG Quick Facts“Replacement Cost is the cost that it would take to build your home back to the way it was prior to a loss (See Replacement Cost definition). Typically, due to the high cost of materials, the replacement cost on a home is higher than what the market value currently is. For example, say your home has a replacement cost of $200,000 but you could only sell it for $100,000. If you insured your home to Market Value, you would be $100,000 short of being able to rebuild it.”
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