I have been calling around for insurance quotes on the new home.  I had one company tell me that the replacement cost of the home is less than the value of the home because the value of the home includes the lot and even if the entire structure burned, there would still be a basement.  I have read where Florida residents have been having problems with the insurance companies not giving them what it would take to replace their homes after the hurricanes last year.  The policy with the best coverage is $250/yr more than the crappiest.

If you are a homeowner, what percentage is your replacement value?  Are you comfortable with this, and why?