Phabbyfundz
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This is a form of insurance that covers a policy holder belongings against perils such as fire, theft, windstorms, hails, explosions, vandalism, riots and others. It also provide personal liability coverage for damage the policy holder or Dependants causes to a third party. It also covers for additional living expenses known as loss of use coverage, if the policy holder must move while his or her dwelling is repaired. It also can include coverage for property improvements
Possessions can be covered for their replacement costs or for their actual cash value, which include depreciation. Replacement cost pays the amount needed to replace damaged personal property or dwelling property without deducting or depreciation but limited by the maximum amount shown on the declaration pah of the property .
Possessions can be covered for their replacement costs or for their actual cash value, which include depreciation. Replacement cost pays the amount needed to replace damaged personal property or dwelling property without deducting or depreciation but limited by the maximum amount shown on the declaration pah of the property .