Not much can compare to the comforts of home. The things you have worked hard to purchase—that make your house a home—can be insured at replacement cost. When a loss occurs and you have replacement cost for contents added to your policy, you will be paid to replace covered items at the current replacement cost, less your policy deductible, once they are replaced. In the absence of Replacement Cost Contents, the actual cash value of your items less your policy deductible is all that would be payable.
When Replacement Cost Contents is added, replacement coverage is provided for Coverage C – Personal Property, up to the limit shown on your declarations page. Appliances and window air conditioners, carpeting and window coverings, awnings and canopies, antennas, and outdoor equipment are included when covered by the policy. Replacement is not afforded for items of antiquity; art or rarity that cannot be duplicated; memorabilia, souvenirs, collector’s items; items not maintained in good or workable condition; or items that are outdated, obsolete and being stored or not in use.
In order to protect yourself from a devastating situation becoming worse, take advantage of this coverage and give yourself peace of mind to know your house can be a home again. Talk to your local agent to see if Replacement Cost Contents is available for your Homeowner, Farmowner, Rental or Seasonal policy.
This information is meant to be a broad overview and should not be the only source you consult for evaluating insurance coverage or purchase. The description of coverages and programs are purposely brief and are subject to specific policy provisions, limitations and exclusions that can only be expressed in the policy itself. For a complete explanation of coverages, please consult one of our licensed agents.