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Message: [QUOTE="dennismenace, post: 2915495, member: 6158"] How much of a "long term" do you have if you are already retired? As for the 50% of reproduction costs; that is because many of the houses were made long ago with plaster walls and ceilings, hardwood floors and even tongue in groove pine sub-flooring. I just went through this with my homeowners insurance company. Even though they evaluated it based on building the exact house today I would never rebuild it there if it burnt down. I'd take the money and run. Insurance has nothing to do with fair market value; it's replacement cost and in addition the personal property (furnishings) is a factor of the real property replacement value. So a house can have a selling value of $180K, replacement value of $350K and furnishings of $240K. So if a total loss for say a fire you get $590 to go shopping. Another thought: If your house is destroyed in a riot (arson etc.) I don't think it is covered. I'm not an insurance guy so if we have a BY agent please comment. Considering the downhill direction CT is heading I don't think home ownership in a failing city is such a hot idea. [/QUOTE]