Home owners insurance what should I get rebuild or appraisal Val

[Aaron Raymond]

I would like some input on what type of insurance I should get on the double I am about to purchase. Right now I have rebuild value which is about $147.00 per month.  Should I get appraised value?  The rebuild value is about $480,000 but the appraised value is $108,000.  I am buying the double for $69,000.  I am sure the appraised value will be much lower.