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Misconceptions About Homeowner’s Insurance: Misconception – Your Home is Insured for Its Market Value

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One misconception about homeowner's insurance is whether or not your home is insured for its market value. Now we need to learn whether your home is insured for what it would cost to rebuild or its market value. This is an extremely common misconception among homeowners and can be devastating to expect a large amount of money for an insurance claim...

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