Quote Originally Posted by olduckhunter View Post
most insurance companies will only insure a home for actual replacement cost and probably figure that at 180.00 a sq ft. some might be lower. if you don't have it insured for at least 80% of the replacement cost they penalize you. that and it being in an area away from the nearest fire dept. you can find a company that will insure it for x dollars but again you have a loss and you get penalized.
I second this, learned that last week in risk and insurance... Knew school would pay off eventually!