Two different values
Market value may include land, location and demand. Rebuilding cost focuses on materials, labor and structural features.
Update changes
An addition, new kitchen or special materials may affect the amount to review. Keep photos, invoices and an updated description.
Ask about settlement
Replacement cost and actual cash value can produce different results. Review terms for the dwelling, roof and personal property.
Learn more from official sources
Florida Department of Financial Services ↗ · NAIC Consumer Resources ↗
This is general information. Coverage, limits, exclusions, eligibility and pricing depend on the insurer and policy. Confirm your options with our team.