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Quote:
Originally Posted by Kube
Be careful with "replacement cost" policies. Some companies determine replacement cost as to what your aged home was worth prior to the loss. Yep, you'll get a check for what your old home was worth.
Yes, in the proverbial (and actual) fine print you may be sadly disappointed to find that they will replace your "old" home. Want a newly built one and you may have to shoulder the additional monies required.
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Possibly you mean=Be careful what company you are dealing with? In the end YOU are responsible for what you buy. Due diligence is the responsibility of the purchaser. Ask questions and read the fine print.