Replacement Cost vs Actual Cash Value

[Clayton Coombs]

I have 5 rental properties & typically have 2-4 properties that I'm flipping at any given time. Of course the all have insurance but every time they ask if I would like to insure for replacement cost or actual cash value. I am curious what other investors are doing & suggest? Also do you have any insurance companies you prefer? I currently have 10 properties insured plus my vehicles & an umbrella policy through Farmers Insurance. Some of the policies seem really high & would like to explore other companies as well. Thanks.