Replacement Cost Value vs. Actual Cash Value When it Comes to Home Insurance
Wren Insurance Agency
AUGUST 28, 2024
When clients request ACV to try to save money on their insurance premiums, while we understand, we will always take the time to try to educate them on why this isn't necessarily a good idea. Now, due to a claim (tied to a weather event, fire, theft, etc.), it would take $1,500 to purchase that same couch today.
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