Landlord insurance. Just loan value or replacement value?

[Syed Ahmed]

On "landlords insurance policy", should I opt for a loan value only amount or complete replacement value. Of course, big price difference between the two. The home I am insuring is 60k.

My question is, if I opt for loan value only and the house burns down, yes the loan is paid for but what do you do then to the house?

If I opt for replacement value, would it be worth re- building the entire house.

Broad questions, but I wanted to see what the seasoned investors do for their properties?

Thanks.

Thanks