Replacement Cost Home Insurance and the Other Kind
Over the past few weeks, I’ve written about home insurance covering traditional homes, condos, and town homes, as well as, renters insurance. In all the posts, I’ve mentioned the term replacement cost. On a renters policy, this refers to contents or personal property, while on a home, condo, or town home policy this refers to the actual structure and the contents. Let’s examine what replacement coverage is and how it’s different from the other type of coverage.
