Reconstruction cost – or replacement cost – is the cost of hiring a contractor to replace your home as it is, using materials and design of the same or similar quality. This amount is not the same as market value, which is the value of comparable homes that have sold in your area. Your home’s current reconstruction cost could be very different from its market value.
Once your wine collection is properly stored, perhaps in a well-constructed custom wine cellar, and your systems are appropriately backed up, are you and your wines safe? Maybe not. What is the state of your records?