Insurance

[Mike Bell]

Property insurance seems to always be one of my biggest expenses. Most of my properties are replacement cost. The agent says the cost to rebuild is this number. Which is so much higher then I would ever be able to sell it for. However he says that is what they say it would cost to re-build if it burns down. For example a 4 plea that I could maybe sell for $200,000 he has then insured at 370,000. Is there any way around this. I have tried looking at actual cash value. It saves very little.