Observation from posts above:
Insurance is just a piece of paper until you have a claim, especially a major claim. You will wish that you had a well recognized company who has national coverage and a good track record.
I looks like most people are underinsured for what it would cost to rebuild should they sustain a total loss. If you are not insured 80% to value you will be hit with a co-insurance penalty. You will not find this out until you have a major loss.
Look over your policy and understand the Limitations and Exclusions before you have a claim.
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