By ALLEN MCQUISTON
The Jemez Agency
Many homeowners often wonder why the limit on their homeowner’s insurance policy is more than the market value of their home. In some cases, there can be a drastic difference between what you recently paid for your home versus how much insurance coverage you have. It’s just a way for the insurance company to get more premium, right?
Not quite! Keep in mind that market value and replacement cost value are two completely different things. For instance, a 2-story home with 2,000 square feet of living area can have a range of market values contingent on a variety of Read More