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Home > Blog > Replacement Cost vs. Market Value - Long Insurance Group
WEDNESDAY, AUGUST 5, 2020

Replacement Cost vs. Market Value

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When insuring your home there will be many different terms thrown around, especially regarding the cost of your home.  Do you know the difference between replacement cost and market value?

Replacement Cost
Covers repairing or replacing your entire home

Market Value
How much someone would pay to buy your home and accompanying land in its current condition

Contact us today with any questions!

 Actual coverage is subject to the policy as written.

Posted 7:00 AM

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Tucson, AZ 85718
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