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Question

Jason W Smith
Newcomer

Jason W Smith asked 16 days ago in Homeowners Insurance

What happens to any extra money from a claim if it USN't needed to rebuild a house?

Our house burned down, but we have insurance to cover the rebuild. If we were covered for 215,000 but only 200,000 is needed to rebuild the home, what happens to the other 15,000? Does the insurance co keep it or do we receive a check for 15,000?

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