Tag Archives: Replacement value vs market value jewelry

Understanding the Difference Between Your Home’s “Market Value” and “Replacement Value”

When it comes to your home, two terms often come up in discussions around insurance and real estate: “market value” and “replacement value.” While they might sound similar, they serve very different purposes and are crucial for homeowners to understand. Let’s break down what each of these terms means and how they impact your financial decisions. What is Market Value? …

Read More »