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Jul 22, 2014
4:33
:03
pm
Ft Worth Cougar
insurance gurus, explain this to me
a home insured for 100% of its actual cash value and they have replacement cost coverage on their property.
What is the purpose of replacement cost coverage if the home is insured for 100% of its cash value?
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Ft Worth Cougar
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MormonThug
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Ft Worth Cougar
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Apr 20, 2011
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Sep 2, 2015
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Messages
Author
Time
insurance gurus, explain this to me
Ft Worth Cougar
7/22/14 4:33pm
Because its cash value may not cover the actual costs of replacing it?
John Doe
7/22/14 4:36pm
I think the replacement cost covers the stuff in the house, the insurance covers
chem031
7/22/14 4:37pm
This, in all likelihood. Replacement cost is a more favorable value for the
Real Men Wear Blue
7/22/14 5:08pm
This is not true, although I can see how the wording might suggest it
JadoX
7/22/14 6:15pm
RE: insurance gurus, explain this to me
blueaussie
7/22/14 4:55pm
I had no idea. You learn something new every day.
chem031
7/22/14 5:04pm
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