Questions on Mass. homeowners insurance
I recently moved to Mass. and got a replacement cost policy.The agent says that the company determines structure and contents coverage by square ft only.For a 2000 sq/ft home its insured for $396000 dwelling and $277000 contents.As far as contents,if they include all appliances,furniture,consumables,tools,furnace,etc .,it couldn't be worth more than $50000.The dwelling cost much less than $300000 since i just had it built.If I had a complete loss, are they going to pay me more than it costs to replace it?Any input would be appreciated.
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