Personal Property Replacement Cost Insurance. $1,000 / 10 total years = $100 per year in depreciation so after four years, the actual cash value of the t.v insured by your home policy would be $600. What is personal property replacement cost coverage for renters?
‘contents’) and coverage for personal liability with respect to the insured. It's far better than acv, because it allows you to put yourself in the same. If that home burns to the ground and needs to be replaced, it may only cost $450,000 to rebuild the house because $150,000 of what the homeowner initially paid for the property was due to the.