As of May 14, 2025, BF&M Limited changed its name to Allshores Limited. On July 1, several Bermuda-based companies within the Allshores Group amalgamated under new names. If you’re a policyholder, investor, pension member, or client, the name of your provider may change. Learn more
 

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Is true replacement cost of my home the same as market value?

Not necessarily—there’s likely a considerable difference between market value and the true replacement cost of your home, which refers to the amount it would cost you to rebuild your home from the ground up if it were to be destroyed, including materials and labour. Market value represents the amount a potential buyer would be willing to pay to purchase your property in its current condition and takes other factors (like location) into consideration.

Visit our Understanding underinsurance page to learn more.

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+1-441-295-5566