Northside Insurance Agency Blog: replacement cost

View the latest blog posts from Northside Insurance Agency.

Tuesday, April 23, 2013

Homeowners Insurance - What is Replacement Cost and Actual Cash Value?

It is important to know whether your Homeowners Insurance affords Replacement Cost or only settles losses for their Actual Cash Value. Replacement Cost is what you would pay to rebuild or repair your home, based on current construction costs. Replacement cost is different from market value and does not include the value of your land. READ MORE >>

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