My min replacement cost in home insurance?Hello, I am trying to understand whether my lender needs the replacement cost to be equal to the loaned amount or not. I am getting different quotes from insurance companies so I am trying to understand if one of them is just trying to over sell me the coverage at cost of me paying higher premium.It say this in the bank's documents that I received: "You must obtain hazard insurance equal to 100% of the insurable value (replacement cost) of the improvements as established by the property insurer." How do you interpret this? Does this mean it has to cover at least the loan or it can be lower than that? Thanks.February 21 2010 - Clifton Park00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.