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Updated about 12 years ago on . Most recent reply
Insurance
Hi Everyone,
My question is do you favor replacement cost insurance vs. rebuilding cost insurance? Also, if the property is destroyed and you have only replacement cost insurance do you rebuild or just sell the land at that point? Is it harder to sell just the land at that point?
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There was a lengthy debate about these a few months ago:
http://www.biggerpockets.com/forums/95/topics/76193-actual-value-or-replacement-cost