Recent Posts

UBER Driving
Tree Trimming
Tree Trimming
Quote form link now at DDI
National Mole day


actual cash value
auto injury
auto insurance
awning installation
Business Insurance
cable installation
caring for your home
Carpenters Insurance
Carpet Cleaning
christmas decorations
Commercial Insurance
Concrete Construction
credit card fraud
decorating your home
Door and Window Installation
Driveway paving
driving safety
Drywall Contractor
Electrical Contractors
extra money
Fence Installers
fine art
Flooring Contractor
Framing Contractor
Gutter cleaning
Gutter Installation
higher liability limts
home beautification
home repair
home work
homeowners insurance
How much coverage do I need for my home
how much insurance do I need
identity theft
Janitorial Contractor
Lawn Sprinklers Installation
Liquor Liability Insurance
Liquor Store Insurance
Market Value
no fault insurance
Office location
parking lot
Party Store Insurance
Pet Fences
Plaster Contractor
Precious Moments
Repair Cost
replacement cost
Residential Roofing
Restaurant Insurance
safety tips
siding installation
Siding repair
sports cards
store insurance
taking kids to school
Tile and Stone Contractors
Why do I need so much insurance
Why is my homeowners premium so high
powered by

My Blog

Why do I need Replacement Cost on Contents?

Actual Cash Value
Actual cash value is the replacement cost of repairing or replacing an item, minus depreciation and/or wear and tear.
Let's say your refrigerator is 7 years old .The average life expectancy is 14 years old,(sourcehttp://www.mrappliance.com/expert/life-guide/)
So your refrigerator has depreciated at least 50% (often more).
If you had a claim on that appliance it could go like this;
Side by side refrigerator with ice maker   cost new                   $ 1,500.00
Less Depreciation                                                                  - $750.00
Less Deductible                                                                   - $1000.00
Equals                                                                                   no claim
Replacement Cost
Replacement cost is the amount of money it would cost to replace a damaged item with a new one at the time of the claim.
Side by side refrigerator with ice maker  cost new                       $1,500.00
Less Deductible                                                                      - $1,000.00
Claim Payment                                                                         $ 500
Of course should you have a kitchen fire,(and I hope you do not), more items would be damaged, including damage to your home. 
Which brings up a good point, what about Replacement Cost on my home?......
Stay tuned and find out.

36 Comments to Why do I need Replacement Cost on Contents?:

Comments RSS
PL Gas Appliance on Wednesday, July 2, 2014 8:07 AM
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Fantastic work!
Reply to comment

MCX HNI Tips on Friday, February 3, 2017 3:03 AM
I like the way you tied all the details
Reply to comment

MCX Free Tips on Monday, February 6, 2017 1:49 AM
Helpful knowledge you shared here
Reply to comment

Stock Cash Premium on Tuesday, March 7, 2017 2:59 AM
Interesting post related to cost
Reply to comment

xpert writers on Friday, March 2, 2018 2:47 AM
Great replacement cost on contents for the great depreciation on products, It could be the better appliances always. Mostly ddiinsurance blog has been sharing on the replacement costs and claim payments.
Reply to comment

vip replica watches on Saturday, July 14, 2018 10:06 PM
Great post!! Thanks to you! Finally I got some stuff in your blog post related.
Reply to comment

replica wathces sale on Monday, July 16, 2018 1:46 AM
That is why we really should drive carefully every time.
Reply to comment

Azariah on Saturday, July 28, 2018 3:37 PM
People can follow these to sale quickly.I was very interested in the article, it's quite inspiring I should admit.linkI cling on to listening to the news update lecture about getting boundless online grant applications so I have been looking around for the most excellent site to get one.It is really informative and quality of the content is extraordinary.linkYou are blessed with an outstanding musical talent.Manchmal Von Zeit zu Zeit , Spieler verwundet oder reizen Ein Verletzungen in der Praxis beobachten.Es vermutlich uebergab ueber viel kurz vor I Auf erklaerte ihr, dass am Sonntagnachmittag, warum ihre Grossmutter immer gewoehnlich slice die Spitze aus.link
Reply to comment

Jone Smith on Thursday, March 14, 2019 3:21 AM
I like your way which you have to write a blog about a need replacement cost. You have posted a stunning a website I appreciate your hard work. I have bookmarked for reading further topics. Visit Here Teamvisionary.net minecraft build team according to your need.
Reply to comment

For More Information Visit on Wednesday, June 12, 2019 3:42 AM
You can also follow some successful business Leader like Arviv in order to become successful in your business.Arviv is an Entrepreneur & Investor from Canada and President at Will-Power Management Inc For More Information Visit.
Reply to comment

Commercial sliding glass reception windows on Tuesday, June 25, 2019 10:54 AM
CR Laurence manufactured commercial sliding glass reception windows are very popular nowadays and used in office receptions, cashiers and other business site. The window contains two sliding glass panels. These windows are well furnished and Satin Anodized or Duranodic Bronze finished.
Reply to comment

192.168 l l on Monday, July 1, 2019 2:10 AM
Before buying and selling its most important to know whats the current price of gold as this returns you actual cost.
Reply to comment

LED on installment lahore on Thursday, November 28, 2019 12:47 PM
Thank you for posting such a great and valuable information regarding I’m prescription free!!!
Reply to comment

Shia Court Marriage Pakistan on Friday, December 13, 2019 7:15 AM
Reply to comment

online court marriage in Pakistan on Friday, December 13, 2019 7:16 AM
Reply to comment

Court marriage form on Friday, December 13, 2019 7:16 AM
Reply to comment

court marriage in islam in urdu on Friday, December 13, 2019 7:16 AM
Reply to comment

court marriage certificate on Friday, December 13, 2019 7:16 AM
Reply to comment

Marriage law in Pakistan on Friday, December 13, 2019 7:16 AM
Reply to comment

Jimmi on Saturday, January 18, 2020 6:16 AM
I am really impressed by this wonderful stuff. I always prefer to read the quality content and this thing I found in you post. Thanks for sharing Get medical weight loss in Turnersville
Reply to comment

piknu on Monday, February 10, 2020 3:35 AM
Thank you very much for sharing this useful information. I was doing a project and for that I was looking for related information. Some of the points are very useful. Do share some more material if you have. PLEase go to site piknu to know to hashtag of instagram.
Reply to comment

Anonymous on Saturday, February 22, 2020 1:46 AM
That is my initially time i stop by here. I found so many interesting stuff in your blog specifically its discussion. you did a great job and i appreciate your effort which you did on it. Thanks for sharing and keep it up. islamabad to jeddah ticket price pia
Reply to comment

Summona on Sunday, February 23, 2020 12:27 PM
I really like all the post of this website. Very interesting blogs and the posts you share in it. I will try to visit this website again to read other posts too mobile on installments near me
Reply to comment

Bonafide on Monday, February 24, 2020 7:05 AM
It's really interesting topic , and i am happy to find this interesting topic shared here, looking forward for more information , keep up the good work brazil news today in english
Reply to comment

Beenish on Monday, February 24, 2020 2:35 PM
This is a wonderful article. I would like to suggest you that please keep on sharing such type of information with us. pakistani salwar kameez for sale
Reply to comment

Patrick on Monday, February 24, 2020 3:32 PM
The post is simply just mind blowing and i am so impressed with it. blue contact lenses Pakistan
Reply to comment

Afro on Tuesday, February 25, 2020 8:35 AM
I've been following your work for a long time, I like that you have your own vision. Freelancing training course online
Reply to comment

Joanna on Tuesday, February 25, 2020 9:24 AM
It's really interesting topic , and i am happy to find this interesting topic shared here, looking forward for more information , keep up the good work. luxury yacht charter
Reply to comment

Quimby on Tuesday, February 25, 2020 9:57 AM
I've been following your work for a long time, invisible teeth braces
Reply to comment

Abraham on Friday, April 17, 2020 7:47 AM
Your blog is very informative for a lot of people. I really like it very much. I hope you will soon share your next post about this discussion. Thanks for sharing and keep sharing. We offer digital marketing courses
Reply to comment

Buy nano cbd on Sunday, June 14, 2020 1:56 PM
Nano CBD Products: Full SpeShop our nano CBD products with our proprietary technology to deliver full-spectrum CBD without THC. Get our nano CBD products to support your well-being! ctrum Hemp, Water Soluble | Curatio:
Reply to comment

Harry on Tuesday, June 23, 2020 3:56 AM
This blog is very effective and valuable. I am very glad to read your blog. I hope you will soon share your next post about this discussion. Thanks for sharing and keep sharing. Strong quality rubber tiles
Reply to comment

Leo on Tuesday, June 30, 2020 8:01 AM
Your blog is very interesting and amazing. I really impressed with your work. I want more similar topics about this post to increase our knowledge. Thanks for sharing and keep sharing. How to apply automatic driving lesson Birmingham
Reply to comment

Naoh on Monday, July 27, 2020 3:31 AM
Very important and wonderful post here. I really like it very much. I will come back to the website to read your blogs. Thanks for sharing and keep sharing. Chain barrier
Reply to comment

Tennis dampener on Friday, October 16, 2020 5:46 AM
Tennis Shock Absorber | Tennis Racket Dampener – ADV Tennis:Whether you call it a tennis shock absorber or a tennis dampener, the accessory has the same purpose – to help you find your perfect feel for every shot. Learn more about it here
Reply to comment

Damage restoration St. Louis Park on Tuesday, October 20, 2020 5:00 AM
Sewage Cleanup, Sewer/Toilet Overflow, | SERVPRO of Minnetonka:Sewer backups should be considered an emergency since the water may contain viruses, bacteria, and other contaminants. SERVPRO of Minnetonka Professionals have specialized training and equipment to quickly and safely clean contaminants like sewage. We proudly serve Minnetonka, MN, Groveland , MN
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint