Should I pay extra for replacement cost coverage? - Tri-State News, Weather & Sports

Should I pay extra for replacement cost coverage?

Yes, if it is available, you should purchase it.

On your home, it will enable your coverage to go over (usually 25%) the limit listed on your policy. You will have to purchase the amount of coverage that is expected to be enough to rebuild your home.

On your contents, it allows coverage to replace your contents without depreciation. You will normally be paid a partial payment until you actually replace the items.

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