Does rebuilding your house cost the same as its market value? Of course not! It must be less than half, but if you’re not careful, you’ll pay a higher price. Talk with your insurer and know the facts. Do not underinsure your possessions and contents. Even the oldest of your furniture is expensive to be replaced. It is a sad fact that many people miscalculate the things they have and regret the things that they should have insured for. Go through your things and list them. Set a realistic replacement costs. For high value items like jewelry and antiques, get an independent evaluation.