I have rental insurance and i had water lost can the insurnce company take some of my money in less depreciation when i lost over 90 present of my stuff
Total Comments: 1
Posted: Mon Nov 08, 2010 03:10 pm Post Subject:
Potentially, yes. Do you have replacement coverage for your personal property on your renter's policy? Most do, and that would be the kicker in terms of the depreciated value.
If you only have Actual Cash Value (read- depreciated) coverage, then you only get the depreciated value of those items.
Posted: Mon Nov 08, 2010 03:10 pm Post Subject:
Potentially, yes. Do you have replacement coverage for your personal property on your renter's policy? Most do, and that would be the kicker in terms of the depreciated value.
If you only have Actual Cash Value (read- depreciated) coverage, then you only get the depreciated value of those items.
InsTeacher 8)
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