When a storm, fire, or burst pipe wrecks your home, the difference between walking away financially whole and taking on new debt often comes down to five words in your policy: replacement cost or ...

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One pays the current value, minus depreciation; the other pays the full cost to replace your property. Many, or all, of the products featured on this page are from our advertising partners who ...

When a storm, fire, or burst pipe wrecks your home, the most important line in your policy is not the deductible, it is whether your payout is based on replacement cost or actual cash value. That ...

You can estimate the replacement cost of your home using online calculators, using a professional appraisal or by doing the research yourself. Find Cheap Homeowners Insurance Quotes in Your Area It ...

The fair market value of an item is always changing. There is not a foolproof method for determining its value, and it's ultimately determined by the buyer, seller, and open market conditions. An item ...

Cost approach values property by summing land value and costs to rebuild, minus depreciation. Key to cost approach: find land value, calculate new construction costs, assess depreciation. Cost ...

Actual cash value and replacement cost coverage can help cover the cost of lost or damaged property. Keep reading to learn which coverage is best for you. MarketWatch Guides may receive compensation ...