From: tsanford@nf.sympatico.ca 
  
 Ian replied ................: 
 > What you have top look at is the cost to rebuild on the same sight. 
 > Fire repairs are the most costly form of restoration and are often a 
 > multiple of the 'per square" foot costs of a new home built as part of 
 > sub-division when houses built in large numbers. A rebuild after a 
 > fire is a one off job done on a priority basis. 
 > 
 > Most policies have a guaranteed rebuild clause if you maintain an 
 > adequate level of insurance to cover the costs of a rebuild. 
 > 
 > If you want to pay the depreciated value of your structure that is an 
 > entirely different matter and most reputable brokers will not do 
 > business on that basis. 
 > 
 > Regards 
 > Ian 
 > 
 Thank you Ian for your information. Your comments make a great deal of 
 sense. 
 However my policy says "No guaranteed replacement cost/building loc"! 
 I wonder what that means? 
 The house itself (Item A Dwelling/Building) is insured for $170,000. 
 But I feel the market value is of the order of  $120,000 to $140,000 maybe 
 $160,000 at the outside! And that would include the 60ft  by 12ft  driveway 
 out to the street, 30 year old trees, two sheds, a useful location near a 
 school etc. 
 I'm going to ask my agent some more questions! Any further comments would be 
 most welcome. 
 Thanks Terry. 
 PS Are there any insurance discussion/news groups that I could log onto. 
  
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