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🏠 Replacement Cost vs. Actual Cash Value — Do You Know How Your Home Is Covered? If your home was damaged by a West Texas hailstorm or fire, would your insurance pay to fully rebuild… or only what your home is worth today after depreciation? 🤔 In this reel, we break down the difference between Replacement Cost and Actual Cash Value (ACV) so you can understand how your home insurance truly protects your biggest investment. ✔️ Replacement Cost: Pays to rebuild or repair with similar materials at
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Common insurance question #2: Did you know more than half of homes in the US are underinsured? Probably because many insurance policies are based on a home’s market value as opposed to its replacement cost. Learn more: http://bit.ly/2Y9G0yh | The Hanover Insurance Group
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