Santa Clarita Homeowner's Insurance ~ Replacement Cost Coverage

If you have replacement cost coverage on your homeowner's insurance policy you will receive the amount it would take to replace or rebuild your home or repair damage with materials that are a similar kind and quality, without deducting for depreciation. Depreciation is the decrease in home or property value since the time when the home was originally built, due to age or wear and tear.

Actual cost value is the amount of money it would cost to replace or repair any damage to your home after depreciation is taken into consideration.

Which type of coverage do you have on your home and your personal belongings?