How much is an insurance quote worth?

[Corey Davis]

I'm looking at a property fsbo, where the owner is claiming a value of 280k, based on the safeco insurance replacement value of his property. Owner is asking 160k, and I intend to rehab and sell for 225/235k if the value is indeed 280k, that should make this a very good deal for my buyer.

Problem is, I'm 2100 miles away at the moment, and won't be able to view the property until next week. So, my question is, how much of this safeco replacement value can I use to actually value this property? Obviously I'm not going to buy a property I haven't seen, but, I'm not going to fly across the continent unless the insurance value is a very good indication of my projected market value after rehab.