Rebuild Cost vs Market Value: What You Need to Know Before Buying Insurance

Are you overpaying for homeowners insurance? Understanding the difference between market value and rebuild cost can save you thousands. In this video, we break down why rebuild cost is the number you should care about—and how to make sure your coverage is accurate.

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Take the guess work out insurance and make sure you have the coverage you need at the price you can afford: https://quotes.goosehead.com/?t=cp&Yu...
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Are you overpaying for homeowners insurance without realizing it? One of the biggest mistakes homeowners make is insuring their home based on its market value instead of its rebuild cost—and that can cost you thousands of dollars in unnecessary premiums. In this video, we break down the critical difference between market value and rebuild cost, and why understanding this could save you serious money. Market value includes the land and surrounding property, which doesn’t need to be replaced if your home is damaged or destroyed. Rebuild cost, on the other hand, reflects what it would actually take to reconstruct your home from the ground up—materials, labor, and all. Learn how to calculate the right amount of coverage, avoid being over- or under-insured, and protect your investment the smart way. Whether you’re buying a new policy or just reviewing your current one, this is essential information every homeowner should know. Don’t pay more than you need to!