Replacement

Understanding 150% replacement cost on homeowner's policy
What is full replacement cost?What is the difference between actual cash value and replacement value?How do you explain replacement cost?How is repla...
80/20 rule home insurance
The '80/20 Rule' (100% coverage is better, but most insurance companies will pay out a full claim if you have 80% of the replacement cost covered.) If...
Replacement annuity
What is a replacement annuity?What does replacement life insurance mean?What is notice of replacement?What is an example of life insurance policy rep...
Income replacement ratio
A replacement ratio is a rule of thumb that estimates what percentage of a person's pre-retirement income will be needed to maintain their lifestyle a...
Widely Varying Replacement Cost for Home Insurance
What is the difference between market value and replacement cost?What is the replacement cost policy?How does the insurance company determine the rep...
Extended replacement cost example
Example: Your home is destroyed by a hurricane and your policy's dwelling coverage is $300,000. Because everyone else in the area is also trying to re...
Extended replacement cost commercial property
What is a replacement cost policy?What is full replacement cost?What is the difference between actual cash value and replacement value?What is guaran...
Extended r c payment method
What does RC stand for in insurance?What is the difference between actual cash value and replacement value?What is a replacement cost policy?What is ...
Insurance on investment property, is replacement cost commonly required by lenders?
Your lender will require you to have enough homeowners insurance to replace your home. Homeowners insurance protects both the lender and you from fina...