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If the current full cash value of my replacement dwelling slightly exceeds the full market value of my original property, can I still receive a partial benefit?

April 26, 2017cash dwelling exceeds market original Property replacement slightly value

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If the current full cash value of my replacement dwelling slightly exceeds the full market value of my original property, can I still receive a partial benefit?

1 Answer

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No. Unless the replacement dwelling satisfies the “equal or lesser value” test, no benefit is available.