Covers the full cost of repairing your home damaged in a covered incident (with some policies, even if the cost exceeds your policy limits), provided your home is insured for 100% of its replacement value. |
|
If you experience a covered loss in which an item is destroyed or stolen, your policy will pay to replace the item up to the limits stated within the policy and less your selected deductible. The difference between replacement cost and the actual cash value can be considerable. |