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 ...

Actual cash value vs. replacement cost: Which renters policy saves you money? The world of insurance can often feel like deciphering an overly complex text. The field is dense, confusing, and ...

Actual cash value: The “Used Market” Approach Actual cash value in renters insurance is best understood as the amount an item would fetch on a used market just prior to being destroyed or damaged.