#ReplacementCost refers to the amount it would take to replace damaged or lost property with new property of similar #kind and #quality, without deducting for #depreciation. This means you would receive enough to buy a new item at today’s prices, rather than the depreciated value of the item you lost.

Are you considering a policy with replacement cost coverage, or do you have specific questions about how it works?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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