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What is the difference between replacement cost and actual cash value in regards to home replacement?

April 26, 2017actual cash Home regards replacement value

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What is the difference between replacement cost and actual cash value in regards to home replacement?

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Replacement cost coverage would pay all expenses associated with repairing or replacing the home up to the amount of the policy. Actual cash value would factor in depreciation and deductible amounts in paying for repair or replacement.