You need to insure it at replacement cost not value or appraised value. Call your agent.
The artwork was highly appraised.He was appraised for his heroic actions.She appraised her star student's essay.
To calculate Lisa's equity in her house, subtract the amount she owes on her mortgage from the appraised value of the house. This can be calculated as follows: $115,000 (appraised value) - $42,000 (mortgage owed) = $73,000. Therefore, Lisa has $73,000 in equity in her house.
Gun show, auction house
Yes, you can get your house appraised to determine its current value and potentially remove Private Mortgage Insurance (PMI) if the value has increased enough to meet the lender's requirements.
Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.
Yes, but the premiums will be higher.
Unless your Westie is one of the breadwinners of the house, I would not insure it at all.
73000
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You might want to consider rephrasing the question but if the house is appraised at "X" amount no one is interested in buying, that usually means its priced above market value, and there just isn't enough demand.