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Replacement cost insurance

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Posted: Tue Jan 19, 2010 4:18 pm   Post subject: Replacement cost insurance   What is replacement cost insurance and what are the benefits.	raye8800 New member Joined: 19 Jan 2010 Posts: 1 1.25 Dollars($)
Posted: Wed Jan 20, 2010 11:53 am   Post subject:    Check out the following threads and see if it helps you! One is about replacement cost insurance on someone's home- http://www.ampminsure.org/home/replacement-cost.html The other one is about ACV and replacement cost- http://www.ampminsure.org/home/acv-replacement.html	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.65 Dollars($)
Posted: Thu Jan 21, 2010 12:36 pm   Post subject: Replacement cost   It is an insurance which provides coverage that replaces damaged property with other property of similar kind and quality on the basis of its current market value without considering its depreciated value on the loss incurred. As for the benefits, it is not determined on the actual cash value and so no deduction for depreciation is made. It also provides partial coverage on properties that are not insured for full replacement cost. _________________ Register Now to have your Insurance queries solved.	scarlett Guest

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