Updated almost 10 years ago on . Most recent reply
Insurance: Replacement cost value vs Actual cash value
My home insurance will only offer Actual cash value and not Replacement cost value. I can perhaps shop around. Before I go down that path, wanted to get a feel for what other investors have on their coverage.
My questions are
- Is the premium significantly higher for ACV vs RCV?
- Is ACV generally not offered for rentals/investments?
- What type of coverage (ACV vs. RCV) do investors generally have?