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Home » Discuss » Places » Florida Donate to DU
 
onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-12-11 11:03 AM
Original message
Homeowners insurance question.
we own a home valued at 200K, it is insured for replacement value. The note is 40K, we'd like to insure the home for the note value, and an additional 100k.

We have been told that that is impossible to do because state law requires the home be insured for replacement value.

My question is:

Who the hell came up with this hairbrained idea?
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