Your insurance will cover your home for the "replacement cost" of the actual building—up to the amount stated in your policy—should your home need to be entirely rebuilt due to an insured risk.
It is important to have adequate coverage on your building, so be sure to accurately estimate your home's replacement cost. Your
replacement cost coverage should reflect what it would cost to rebuild or replace your damaged building—not the amount for which you could sell your property. In addition, this amount should exclude the value of your land.
If you're not sure, please call 1-877-749-7224 and we will assist you.
Note: The information above is a summary only and does not include all terms, conditions, limits and exclusions.