Full replacement insurance on 1929 duplex

[Ben Morris]

Does anyone have any insurance agents they'd recommend in Southeast WI that can offer full replacement cost on a 1929 duplex?

I am purchasing the house for 131k and I'm now in the process of shopping around for insurance.  The mortgage company is requiring full replacement cost.  So far I've called AllState and USAA.

AllState: won't offer full replacement cost "due to the age of the home".

USAA: insists that that it be insured for 424k for 1500/year

I budgeted 900/year in my analysis.  Lesson learned: get insurance quotes during the inspection phase!