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  • FREQUENTLY ASKED QUESTIONS
    Everything you need to know about real estate insurance

DO I NEED TO INSURE MY BUILDING FOR ITS MARKET VALUE?

No. The building ideally needs to be insured for the cost to replace and rebuild the building from the ground up. However, some banks may require the building to be insured for the loan amount, which in some cases may be the market value.

Answered by: Joel Kivelevitz – Account executive of large business

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  • 845-789-4433
  • 845-789-4431
  • 25 Robert Pitt Drive Suite # 200-F Monsey, NY 10952
  • 8170 McCormick Blvd, Skokie, IL 60076

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