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Daily Archives: January 12, 2024

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What’s the Difference Between Replacement Cost and Actual Cash Value?

What’s the Difference Between Replacement Cost and Actual Cash Value?

Risk ManagementBy Kate JacksonJanuary 12, 2024

Generally, insurance is designed to put customers in the same financial position that they were in before a loss occurred. This is not always the case if you look further into the details of your insurance policy, as not all policy wordings are the same. When purchasing insurance, the calculation that determines what you will…

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