The moves made by the Fed have poured icy water on the once scalding housing market, freezing prices or in some cases even lowering them.
So that means your home is insured for the right amount and you can stop worrying, right?
Sadly, no. Insurance deals with home value— otherwise known as reconstruction cost. And the cost to rebuild your home can differ greatly from what it would cost to purchase your home.
Here are some of the factors that determine reconstruction cost
Now you know what your home policy coverage really means. Also, remember to check your values when it is time for your annual review.