Replacement cost insurance

Message Author
ampm-bookmark
delicious-small Add to del.icio.us
yahoomyweb-small Add to YahooMyWeb
simpy-small Add to Simpy
blinklist-small Add to BlinkList
PostPosted: 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
Leave a quick message


Joined: 19 Jan 2010
Posts: 1


1.25 Dollars($)

PostPosted: 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
Leave a quick message

steven
Joined: 02 Feb 2006
Posts: 1553


215.65 Dollars($)

PostPosted: 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






Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get Free Insurance Quote
*State:
*Insurance type:

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Insurance on Facebook
Hot topics in forums

Latest in blogs



Page loaded in 0.265 seconds.