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Updated about 4 years ago,
Insurance Quotes - Dwelling Coverage
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