Prior to purchasing homeowner’s insurance, you need to honestly answer a few questions to make sure you but the correct type and amount of coverage. Although you should always seek the advice of a professional insurance agent when selecting coverages, you will ultimately need to give thought to the below questions as you go through
replacement cost value
Actual Cash Value vs. Replacement Cost Value
By K.C. Williams on
Although the terms Actual Cash Value and Replacement Cost Value are not commonly used outside of property insurance disputes, they can have a substantial effect on the amount of money you receive from your insurance company after a loss.
After your insurance company determines that your insurance policy provides coverage for your loss, the insurance
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