The Home Insurance Price Is Right!
Welcome to “The Home Insurance Price Is Right!” where you don’t have to guess the price, but you do need to understand how it’s determined. Let’s dive into the thrilling world of replacement costs and actual cash value with Wenatchee Insurance.
They don’t teach us the difference between Replacement Cost and Actual Cash value in High School nor when you were home eating crackers and sipping tea. We like to go over it because we don’t like surprised clients.
Replacement Cost: The High Roller’s Choice Imagine winning a fabulous new dining room set on our show. Replacement cost coverage means you get a brand-new version of your old stuff. No depreciation here, folks! It’s all shiny and new, just like the day you bought it.
Actual Cash Value: The Bargain Hunter’s Delight For those who love a good deal, actual cash value coverage considers depreciation. It’s like buying a gently used couch from a thrift store – still great, but not quite brand new. Your payout reflects the current market value of your items.
Sometimes Actual Cash Value is the only option available. It is worth the conversation if you see this valuation on your home owner’s policy.
Spin the Wheel of Claims! When it’s time to file a claim, Wenatchee Insurance uses their magical wheel (or more likely, some sophisticated calculations) to determine the value of your home and belongings. Don’t worry, they’re experts at making sure you get the right amount.
So, come on down to Wenatchee Insurance and find out how much your home and personal property are worth. It’s always a win when you’re properly covered!
