Should I Have Replacement Cost or Actual Cash Value Property Insurance?

There are instances where it makes sense to have an Actual Cash Value policy versus a Replacement Cost policy. Many contractors who can do most replacements themselves or who have bought a building for very cheap and not interested in rebuilding upon a total loss may not want a Replacement Cost policy.

You also have to do a Cost / Benefit Analysis for each type of policy.

It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your property insurance policy. Click the link above to visit our website and learn more.