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Replacement cost vs. actual cash value: what your policy really pays for (and what it won’t)
When a storm, fire, or burst pipe wrecks your home, the most important line in your policy is not the deductible, it is whether your payout is based on replacement cost or actual cash value. That ...
Replacement cost insurance allows homeowners to repair or replace their eligible belongings at today’s value following a covered claim. While most homeowners insurance policies include replacement ...
Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...
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