{"id":1540,"date":"2020-08-27T10:00:00","date_gmt":"2020-08-27T10:00:00","guid":{"rendered":"http:\/\/itcblog.zywaveinternal.wpengine.com\/itc-syndicate\/\/\/\/what-does-actual-cash-value-mean-for-home-insurance\/"},"modified":"2022-11-28T09:51:17","modified_gmt":"2022-11-28T15:51:17","slug":"what-does-actual-cash-value-mean-for-home-insurance","status":"publish","type":"post","link":"https:\/\/www.shoopins.com\/es\/blog\/what-does-actual-cash-value-mean-for-home-insurance\/","title":{"rendered":"What Does Actual Cash Value Mean for Home Insurance?"},"content":{"rendered":"<p>        <span id=\"litH1\" style=\"text-align: left;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';font-size: 20px;color: #363636;line-height: 24px;font-weight: 600\">What Does Actual Cash Value Mean for Home Insurance? <\/span><\/p>\n<p>        <span id=\"litContent\" style=\"text-align: left;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';font-size: 14px;color: #808080;line-height: 24px;font-weight: 400\"><\/p>\n<div class=\"SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Home insurance has a lot of confusing terminology, especially when it comes to the types of policies and how you can receive compensation. Replacement cost value, for example, refers to two areas: the total replacement cost value of your home, and a replacement cost value policy for personal belongings coverage.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">To break it down, home insurance covers three main areas when it comes to property:<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"ListContainerWrapper SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px\">\n<ul class=\"BulletListStyle1 SCXW169992709 BCX0\" role=\"list\" style=\"margin-right: 0px;margin-bottom: 0px;margin-left: 0px;padding-top: 0px;padding-right: 0px;padding-bottom: 0px;overflow: visible;cursor: text;font-family: verdana\">\n<li data-leveltext=\"?\" data-font=\"Symbol\" data-listid=\"1\" data-aria-posinset=\"1\" role=\"listitem\" data-aria-level=\"1\" class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px 0px 0px 24px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;font-size: 11pt;font-family: Calibri, Calibri_MSFontService, sans-serif;vertical-align: baseline\">\n<ul>\n<li class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Dwelling<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;covers the physical home and its attached structures in case of&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">damage or loss due to fire, wind, hail, lightning, smoke, theft, vandalism and more.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/li>\n<li class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Personal Belongings<\/strong>&nbsp;<\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">coverage covers personal items from the same causes of loss and damage that are covered under dwelling insurance.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/li>\n<li class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><strong>&nbsp;<\/strong><\/span><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Additional Living Expenses<\/strong><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;cover costs related to temporarily moving if the home is destroyed after a disaster.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'134233279':true,'201341983':0,'335559739':160,'335559740':259}\" style=\"background-color: transparent;color: windowtext;font-size: 11pt;margin: 0px;padding: 0px;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;<\/span><\/span><\/p>\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Actual cash value related to your home insurance policy\u2019s&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-weight: bold;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">personal belongings<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;coverage.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW169992709 BCX0\" role=\"heading\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: #1f3763\"><span data-contrast=\"none\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 12pt;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif;line-height: 20.5042px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" data-ccp-parastyle=\"heading 3\" style=\"margin: 0px;padding: 0px;background-color: inherit\"><strong>Actual Cash Value vs Replacement Cost Value<\/strong><\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559738':40,'335559739':0,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 12pt;line-height: 20.5042px;font-family: 'Calibri Light', 'Calibri Light_EmbeddedFont', 'Calibri Light_MSFontService', sans-serif\"><strong>&nbsp;<\/strong><\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">There are two ways a homeowner may receive compensation for lost or damaged belongings: actual cash value or replacement cost value. An actual cash value home insurance policy&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">provides compensation while accounting for depreciation.&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">So<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;as the value of your items depreciates, or drops, so does the amount of compensation you can receive. For example, say you purchase a television for $1,000. A few years later, a fire breaks out and destroys most of your belongings, including the TV. Since you purchased it, the value of the TV has dropped to $500. Instead of receiving $1,000 in compensation, you will likely receive closer to $500.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">A replacement cost value policy provides compensation without depreciation. No matter how the value of your belongings&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2 SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-position: left bottom;border-bottom: 1px solid transparent;background-color: inherit\">depreciate<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">, this policy will provide compensation to help replace it with one of equal value.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\"><\/span><\/p>\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<div class=\"OutlineElement Ltr SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;overflow: visible;cursor: text;clear: both;direction: ltr;color: #000000;font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif;font-size: 12px\">\n<p class=\"Paragraph SCXW169992709 BCX0\" style=\"margin-bottom: 0px;padding: 0px;vertical-align: baseline;background-color: transparent;color: windowtext\"><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">Most home insurance policies are actual cash value when it comes to personal property. It is also the cheaper alternative. If you would prefer replacement cost value for your items, you may be able to ask your insurance agent about adjusting your policy. Keep in mind that certain items have limited coverage under home insurance policies and replacement cost value may not be available to cover&nbsp;<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun AdvancedProofingIssueV2 SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-position: left bottom;base64,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');border-bottom: 1px solid transparent;background-color: inherit\">all of<\/span><\/span><span data-contrast=\"auto\" class=\"TextRun SCXW169992709 BCX0\" xml:lang=\"EN-US\" lang=\"EN-US\" style=\"margin: 0px;padding: 0px;font-size: 11pt;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif;line-height: 19.425px\"><span class=\"NormalTextRun SCXW169992709 BCX0\" style=\"margin: 0px;padding: 0px;background-color: inherit\">&nbsp;your personal items. Objects such as jewelry, furs, art and electronics often have limited coverage under a basic home insurance policy and may need policy floaters to cover the cost of replacing or repairing them after a covered incident.<\/span><\/span><span class=\"EOP SCXW169992709 BCX0\" data-ccp-props=\"{'201341983':0,'335559739':160,'335559740':259}\" style=\"margin: 0px;padding: 0px;font-size: 11pt;line-height: 19.425px;font-family: Calibri, Calibri_EmbeddedFont, Calibri_MSFontService, sans-serif\">&nbsp;<\/span><\/p>\n<\/div>\n<p><\/span><\/p>\n<div id=\"pnlSource\" style=\"margin-top: 20px\">\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"auto\" align=\"center\" height=\"40\" bgcolor=\"#d52728\" style=\"padding-left: 20px;padding-right: 20px;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';color: #ffffff;font-weight: 400\">\n\t\t\t<a href=\"#\" style=\"color: #ffffff;font-size: 16px;text-decoration: none;line-height: 34px;width: 100%\">SOURCE<\/a><\/p>\n<\/td>\n<td width=\"10px\"><\/td>\n<td width=\"auto\" align=\"center\" height=\"40\" bgcolor=\"#999999\" style=\"padding-left: 20px;padding-right: 20px;font-family: Helvetica, Arial, sans-serif, 'Ubuntu';color: #ffffff;font-weight: 400\">\n      <a id=\"lnkSource\" style=\"color: #ffffff;font-size: 16px;text-decoration: none;line-height: 34px;width: 100%\">INSURANCE TECHNOLOGIES CORPORATION<\/a>\n\t\t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What Does Actual Cash Value Mean for Home Insurance? Home insurance has a lot of confusing terminology, especially when it comes to the types of policies and how you can receive compensation. Replacement cost value, for example, refers to two areas: the total replacement cost value of your home, and a replacement cost value policy [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_analytify_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1540","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/posts\/1540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/comments?post=1540"}],"version-history":[{"count":0,"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/posts\/1540\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/media?parent=1540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/categories?post=1540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shoopins.com\/es\/wp-json\/wp\/v2\/tags?post=1540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}