We have had the opposite experience, we bought our home for $66k four years
ago and did some repairs/improvements (small stuff) and each year our
insurance
coverage/appraisal has gone up,were insured for "replacement" value which
now
is up over $130k plus an additional $18k for an "outbuilding" we have yet to
locate!
Between the house, loss of use and contents, if we had a fire we would be
looking
at a check for over $275k!

I would talk to your insurance agent asap..

"Edwin Pawlowski" wrote in message
...
"Chia Pet" Chia
wrote:

The good news is I woke up and the house is fine and near a fire
hydrant
and
fire house. The bad news is that really is my insurance situation. The
purchase price is the insurance company's weapon against a higher claim
(the
purchase price was abnormally low even then). But replacement even with
a
$25k increase would definitely be impossible now.

Is there a way out of this nightmare???

Have you talked to your insurance agent? There is a "full replacement"
coverage that may be suited to your needs.