Understanding your home's "replacement cost"

Here's a statistic that may surprise you: more than half of homes in the US are under-insured*. This may be because home insurance policies are often believed to provide coverage based on a home's market value, as opposed to its replacement cost. Understanding the difference between these two concepts is a key factor in making sure your coverage is up to the high standards of your home. Read more from The Hanover Insurance Group.


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