Contents replacement cost: The contents replacement cost endorsement covers the full replacement cost of your items in the event of a covered loss. (valuepenguin.com)
I can understand a receipt specifically identifies the market value or replacement cost of items lost in the fire and serves as the limit of their obligation. (usinsuranceagents.com)
Contents replacement cost: The contents replacement cost endorsement covers the full replacement cost of your items in the event of a covered loss. (valuepenguin.com)