Insurance Quotes - Dwelling Coverage

[Pat L.]

I'm reviewing quite a few insurance quotes for a real estate purposed I'm considering.

While the dwelling coverage (Coverage  A) limits vary in these quotes, the limit in a number of these quotes is around 30% less than the appraised value.

Is these normal? When you buy property insurance for investment properties, do your policies often have dwelling coverage 30% below the appraised value?

I appreciate your help!

PJL

[Pat L.]

Thanks Anthony, thanks Tim. I appreciate your responses.

I'll definitely make sure that any policy I sign insures on a replacement cost basis. My challenge is making sure that I'm not underinsured. I want to be able to rebuild a similar house if disaster strikes.

Thanks again,

PJL