Why Isn't Market Value Used For Dwelling Coverage?

Ever wondered why your home's market value doesn't dictate your dwelling coverage? This video breaks down the crucial differences between market value and reconstruction cost when it comes to insuring your home, ensuring you understand how to protect your most valuable asset. Here's what you'll learn about proper home insurance coverage: ► Understand why market value and dwelling coverage are calculated differently for your home insurance. ► Discover the true meaning of 'reconstruction cost' and its importance in setting your insurance limits. ► Learn how factors like local labor, materials, and debris removal influence the cost to rebuild, not market trends. #DwellingCoverage, #HomeInsurance, #ReconstructionCost, #MarketValue, #InsuranceTips, #PropertyInsurance