Actual Cash Value vs. Replacement Cost
Does it matter whether your insurance policy covers your household contents’ Actual Cash Value (ACV) or Replacement Cost (RC)? You bet!
Does it matter whether your insurance policy covers your household contents’ Actual Cash Value (ACV) or Replacement Cost (RC)? You bet!
It’s important to meet with your insurance agent once a year to make sure your insurance needs are met.
The coverages on your homeowners insurance policy may seem like alphabet soup: A, B, C, D, E…. What are the coverages, and why are they important? Here’s a quick summary.