When a storm, fire, or burst pipe wrecks your home, the difference between walking away financially whole and taking on new debt often comes down to five words in your policy: replacement cost or ...

When a storm, fire, or burst pipe wrecks your home, the most important line in your policy is not the deductible, it is whether your payout is based on replacement cost or actual cash value. That ...

Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned indirectly by Fox Corporation. The Fox Money content is created and ...

One pays the current value, minus depreciation; the other pays the full cost to replace your property. Many, or all, of the products featured on this page are from our advertising partners who ...

With guaranteed replacement cost, you don’t have to worry about gaps in coverage that could leave you financially vulnerable after a disaster. Many, or all, of the products featured on this page are ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...