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How does replacement cost insurance work 2024?

Mia Patel | 2023-06-05 14:12:03 | page views：1458
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Ethan Brown

Works at the International Renewable Energy Agency, Lives in Abu Dhabi, UAE.
An insurance company is only obligated to pay up to the limit of insurance; consequently, the house must be insured for more than it is worth. In order to obtain Replacement Cost Coverage, the house will need to be insured for the amount it would cost to replace it. Most property depreciates in value over time.Jul 28, 2011
2023-06-13 14:12:03
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Zoe Wilson

QuesHub.com delivers expert answers and knowledge to you.
An insurance company is only obligated to pay up to the limit of insurance; consequently, the house must be insured for more than it is worth. In order to obtain Replacement Cost Coverage, the house will need to be insured for the amount it would cost to replace it. Most property depreciates in value over time.Jul 28, 2011
How Does Replacement Cost Work On Home Insurance?
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