Replacement cost
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Are You Underinsured? Signs Your Coverage Has Not Kept Up With Inflation
The Myth Of "I Don't Own Enough To Need Renters Insurance"
Think you don't own enough to need renters insurance? Even secondhand furniture, basic electronics, and everyday clothes can cost thousands to replace, and a single accident or injury could be even more expensive. Find out how renters insurance can help protect your stuff, your wallet, and your ability to stay on your feet after a loss.
The Difference Between Replacement Cost and Actual Cash Value
When you purchase homeowners or renters insurance, one of the most important details to understand is how your belongings and property are valued at the time of a loss. Two common valuation methods used by insurance companies are Replacement Cost and Actual Cash Value (ACV). While they may sound similar, the difference between them can greatly affect how much you receive after filing a claim.
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Scott Broderick Insurance Services
10258 S Western Ave.
Ste. 205
Chicago, Illinois 60643
Phone: (773) 233-3366
Fax: (773) 233-2299
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