At the heart of America’s longest-running game show “The Price is Right®” is a deceptively simple question: “What’s it worth?” If the answer was easy, the show would not have lasted 41 years. For more than 7,800 episodes, contestants have been venturing their best guesses about the cost of everyday items. And, time after time, most of those guesses have been wrong. A similar but far less entertaining contest rages among a very different set of contestants over the valuation of real estate, both residential and commercial. Carriers want covered properties insured to full replacement cost, with premiums to match. Property owners, on the other hand...
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