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	Name:	MartiniMan -
	Subject:	Question for you
	Date:	6/21/2011 12:09:50 PM

Lamont, let me ask you about this replacement cost issue. For my home in Atlanta, the insurance company came up with a replacement cost of over $1M (just for the house and not the land). I could buy another house in the neighborhood for less than the cost to build a new one, including the land, and then sell my existing lot. Recognizing you haven't seen my policy, but as a general rule would I have that option? By that I mean if I had a total loss would they just pay me the replacement value as a check and I can decide whether to rebuild or sell my lot and buy another house? In my feeble mind I could see taking my $1M check, pay off my mortgage and then using the remainder to buy another house and sell the lot.

I know for sure with my airplane if I had a total loss they will simply stroke me a check for the insured replacement value even though I could buy a similar plane for $40K less. Just wondering if it works the same way with homes.