Every home has three values that you should be concerned about.
Assessed value is the value that the city/county can collect taxes on. This value is often 1-2 years behind the current market.
Market value is what your house might sell for to a new buyer- a better value can be determined by an appraiser to come to the actual value the bank will finance.
Reconstruction cost. This is the amount it would take to rebuild your house back to the same level it was before an incident. This is the most important value to make sure you can rebuild your home in the case of a loss.
If you need help determining the reconstruction costs, we an help. Just drop us a line or call and we are happy to make sure that you are properly insured.