Renters insurance with replacement cost coverage on your contents will do exactly that, and provide you with replacement items of like kind and quality which are new. (effectivecoverage.com)
If you only cover the amount they're worth currently, then you're not going to be able to purchase replacement items with the amount of insurance compensation alone. (rentersinsurance.net)
Each day, automotive repair shops waste time tracking down part numbers so that they can order replacement items. (inc.com)