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How much do insurance company pay for a house and land that's been wrote off?
Wiki User
∙ 11y ago
It depends on the type of policy your purchased. If you bought replacement coverage the Insurance Company will pay to rebuild the home to a like or similar condition. If you purchased ACV coverage or do not wish to rebuild then they will pay you the depreciated cash value of the home.
Homeowners Insurance does not pay for land.
Wiki User
∙ 11y ago
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