Replacement Cost - Oro Valley Homes for Sale
Oro Valley Homes for Sale, Oro Valley Real Estate in Oro Valley Arizona AZ. Search Oro Valley Homes and Real Estate, Oro Valley Realtor Ian Taylor

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Why should I insure my home for more than the purchase price?
Because there may be a significant difference between the price you pay (Market Value) and the actual cost to rebuild that home (Replacement Cost).
Consider this client’s experience:
Purchased home in March 2016
Purchase price was $195,000
Homeowner insured the home at the estimated replacement cost of $274,000*
One year later, their home burned to the ground
Actual cost to replace the home totaled $261,000
Insured at Market Value
Market value and purchase price:$195,000
A catastrophic event causes total loss of the home
Cost to rebuild: $261,000
Insurance only covers up to $195,000
Insured at Replacement Cost
Market value and purchase price $195,000
A catastrophic event causes total loss of the home
Cost to rebuild: $261,000
Insurance covers $261,000 - all costs covered!
Can you afford this risk?
For more help Visit https://www.orovalleyrealestateandhomes.com/Oro-Valley-Homeowners-Insurance 
*Actual replacement cost is determined by the underwriting carrier and may need to be updated periodically as market conditions dictate.