The insured amount should not include the land or location. The market value of your home really doesn't have anything to do with the value of the home itself.

If you have a 2-carat diamond ring and you put it down on the counter and it disappears, under normal homeowners policies the cost of replacing it would not be covered. If it's scheduled, it could fall to the bottom of the lake and it's still covered.

The most important thing for consumers is that they should always read their policies. Nobody does it but they should. Even in the all-risk policies there are places in the contract where the [company] will exclude certain coverage but they'll give it back to you in another section. There are always exclusions and exceptions to those exclusions.

[When the Lewis Co. bought the land it knew it was zoned agricultural and was limited to one home for every 10 acres.] Going from an agricultural zoning of a minimum 10 acres to one acre lots is a huge change, ... It's more in the best interest of the developer; it's not in the best interest of the community.

Value has been added into the land. Now it needs to get into the grape.

We see little further upside to the value of Ayala Land's unused land bank going forward with increasing competition from cheaper alternative [offices] for call center and business process outsourcing clients.