home insurance and the costs of reconstructing a home

Failure to recognize the widening gap between what a house would sell for today and what it would cost to rebuild tomorrow could leave Florida homeowners underinsured. That is why homeowners should work with their insurance company to determine the correct level of insurance protection, according to the Insurance Information Institute (I.I.I.). As real estate values have plummeted, homeowners who look only at the market value of their home while discounting the reconstruction costs may…