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 ...

If your possessions are stolen or, worse, your home burns down, you don’t want to discover that your home insurance isn’t going to pay what you thought it would. Unfortunately, some homeowners realize ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...

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 ...

Understanding the difference between insurance replacement costs and market value is crucial when it comes to homeowners insurance policies. Homeowners need to recognize that basing their insurance ...

Replacement cost insurance allows homeowners to repair or replace their eligible belongings at today’s value following a covered claim. While most homeowners insurance policies include replacement ...

With guaranteed replacement cost, you don’t have to worry about gaps in coverage that could leave you financially vulnerable after a disaster. Many, or all, of the products featured on this page are ...

The world of insurance can often feel like deciphering an overly complex text. The field is dense, confusing, and frequently causes frustration for policyholders. However, when examining renters ...