Did you know that most policies cover personal property only on an actual cash value basis and for only the named perils of the policy? That basically means it includes depreciated value and deduction when it comes to replacement of your valuable things.
However, Safeco is a company that I use and they have "personal property replacement coverage" for everything that needs to be replaced. Everything will be replaced with an identical item or comparable item without depreciation! Since electronics and other items depreciate quickly, people would greatly benefit from this feature.Therefore, the customer is happier because they return to a pre-loss condition more quickly!
Check out my agency on line. www.meierassociatesinsurance.com
Get started on a quote for auto, home, life , health, and much more.
About Me
- Jeanine Devine
- I am a small business owner and love what I do. I help my clients by providing them good alternative strategies for retirement and offer competitive coverage for all of their insurance needs.