Homestead mailing list

["Lynda" <lurine AT softcom.net>]

We just bought insurance for the new house.  We have a $250 deductible.  The
value of the house was determined by a $$ amt./sq. ft for replacement value.
That total is more than it would cost to replace this house.

Now, this is different that the policy we had on the old house which stated
they would replace the house, same sq. ft.

are policies written differently in different parts of the country?

Lynda
----- Original Message -----
From: Tvoivozhd <tvoivozd AT infionline.net>
To: <homestead AT lists.ibiblio.org>
Sent: Saturday, August 28, 2004 4:54 PM
Subject: [Homestead] Insurance coverage is not what you think is,or tax
deductions either.


> And you probably haven't noticed, but the once common insurance for
> replacement value of a damaged or destroyed house has largely
> disappeared too.
>