Sentences with phrase «typical replacement items»

Not exact matches

With a typical homeowners policy, after a loss you would be reimbursed based on your items» depreciated value (its original value minus depreciation for time, wear, damage, etc.), but with Contents Replacement Cost coverage, the value of any damaged or destroyed item is based on the cost of a new one with similar features.

Typical replacement costs coverage will cover your belongings at their «actual cash value,» which reimburses you for the item factoring in depreciation.

Depending on the individual worth of the item, your typical renters insurance plan may not provide enough coverage to offset the cost of replacement.

When conducting your search for a cheap renters insurance policy, typical questions like location, rental duration, square footage, apartment layout, your desired liability coverage, the replacement value of your belongings and insurance history are all legitimate items that should be provided when seeking out a cheap insurance quote.

For example, a typical policy will cover the depreciated value of your items, not the full replacement value.