Home Frequently Asked Questions

Homeowners Insurance Valuation

Why is my home insured for more than my assessment?

Home assessments are a statement of the real estate value of the property. If your insurance policy is a replacement cost valuation policy, then it should insure the amount it would cost to completely rebuild the structure from the ground up in the event of a total loss.

Stan Steele Insurance
Stan Steele Agency, Inc.
55 State Street
Bloomfield, NY 14469