- Other Structures
- Loss Of Use
- Personal Liability
- Medical Payments
- Backup Of Sewers And Drains
- Equipment Breakdown
- Home Based BusinessOther Members Of The Household
- Refrigerated Property
- Scheduled Contents
- Service Line
- My child is going off to college, is there coverage for their belongings at school?
- A tree on my property is leaning towards my house. Will insurance pay to have it removed?
Replacement Cost The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item.
Actual Cash Value In the property and casualty insurance industry, Actual Cash Value is a method of valuing insured property, or the value computed by that method. Actual Cash Value is not equal to replacement cost value. ACV is computed by subtracting depreciation from replacement cost.
Functional Replacement Cost The coverage A limit of liability is chosen based on "functional replacement cost," that is, the amount it would cost to repair or replace using materials that are functionally equivalent to obsolete, antique, or custom methods and materials.