Sentences with phrase «purchase guaranteed replacement cost»
Not exact matches
By contrast, guaranteed replacement cost coverage pays out based on what a new item would cost to purchase at the time of the loss.
http://www.rentersinsurance.net/
Guaranteed replacement coverage costs more but provides you with reimbursement to cover the full present - day cost of purchasing the item lost, whereas ACV coverage depreciates the loss based on the age of the item.