Quote Originally Posted by KapilPrateek View Post
1- What is difference between Market Value & Reinstatement Value?
2- Which option we have to select?
Market Value : Market value of the home is the one which arrived at after applying the depreciation for the age and the salvage value.

Re-instatement Value: Reinstatement value of the product is the one which prevailing as on the date of replacement.

For building go for market value and for contents Re-instatement Value.