again, I can't speak for everyone but this is what I have to do.

I have two additional policies on my home. Flood and Earthquake.
In terms of the escalated real estate market, that does not effect anything. Reason: The cost to rebuild a home has nothing to do with the market value of the home.
A price per square foot to rebuild a home on exisiting land is much less expensive than the price per square foot to buy property and an existing home.
So even if the house is valued at 5mil and it only costs 1mil to rebuild it, the insurance company will only cover the rebuild cost, not the market value of the house including the property.

Also, the deductible with these policies is usually around 10% - 15%. So the homeowners are going to have to shell out a minimium of 100K to 150K before insurance kicks in a cent..

B

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