Comment by rawgabbit

Thanks for the link. I learned that CA bans insurers from deducting the value of land when purchasing a new home instead of rebuilding.

Land Value Deduction – In the event of a total loss to your property, the amount owed to you by the insurer is the cost to rebuild your home at its original location, including building code upgrade coverage and extended replacement cost coverage. Your insurer is not allowed to take a deduction for the value of land under the replacement home you purchase. [Cal Ins. Code 2051.5 (c)(2)]