Q&A Topics

Thursday, March 27, 2014 11:42:56 AM

Are there different kinds of renters insurance?

There are 2 types of renters policies: cash value and replacement cost. A cash value policy pays to replace your property, minus a deduction for depreciation, up to the limit of your policy. A replacement cost policy pays to replace your property with no deduction for depreciation, up to the limit of your policy.

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