"Replacement coverage" refers to a type of insurance or warranty that provides compensation or a replacement for damaged or lost items, ensuring that you don't have to bear the full cost of repair or replacement yourself. Full definition
As an Aurora renters insurance policy holder, you can choose whether to opt for full replacement coverage or actual cash value coverage. (rentersinsurance.net)
While you can get replacement coverage for most properties, says the III, you may need modified replacement cost coverage if you have an older home. (allstate.com)
Getting total replacement coverage sounds good in theory, but there are a few considerations you should keep in mind. (rentersinsurance.net)