[quote=no_such_reality]If your agent is quoting you $1.5m in coverage, your dwelling must be large and of high quality. I was under the impression only the dwelling is covered (optional personal property), from a cost to replace standpoint not including the land.

If he’s quoting you Market value purchase price versus rebuild dwelling price he’s doing you a disservice. Unless your planning for a 2500sf house and gouge rates of $600/ft to build.[/quote]

It is about the right replacement cost. The annual cost is not bad either, at around $550.