For purposes of insurance, the amount should be equal to what it would cost to rebuild the house, not market value, and without the value of the land. (compareinsurancesonline.ca)
Thus, the basic purpose of an insurance policy is defeated. (comparepolicy.com)
The most important purpose of your insurance plan is to give them the money that they need to pay off any major expenses that they are responsible for after your passing. (termlife360.com)