Personal property coverage is an important part of your homeowners or renters insurance policy. However, it may not offer you adequate coverage for all your belongings. Read on to have an in-depth look at personal property coverage and how it can help protect your valuables.
What Kind of Protection Can I Expect?
Personal property insurance comes in two varieties: Replacement Cost and Actual Cash Value. With a replacement cost policy, the amount paid generally covers the cost of replacing the damaged property with new merchandise. An actual cash value policy reimburses you based on what that property […]