I mean you are talking an entire luxury rebuild.

That is the Replacement Cost (rebuilding cost) less the depreciation2. some companies issue the policies as "Fully Earned".  

The primary issue with non-conforming using my market’s use is the difficulty to get insurance at current use due to potential difficulties in rebuilding if destroyed.  

RC is the cost to rebuild the structure with the same kind and quality.

However, another company quote the rebuild cost to be around $140k.I don't care or need to have $140k to rebuild my house, but I do want my investment back if something catastrophic happens.

I am a developer/builder in the Bay Area.We build new construction mainly for single family houses.I would like to understand the local market.Are there lots of wholesale deals in the Bay Area or it is difficult to find a deal to tear down and rebuild in the Bay Area?

I know it's not a ton of money but I need to start rebuilding. 

It is only worth what it would cost to rebuild if completely destroyed.

I'd question the wisdom of that, Jason.In the first place, private lenders need us to help them rebuild what Wall Street stole from them.In the second place, equity produces no income.

If your not touching the basement you don't have to rebuild the stairs