Coverage on “replacement value” gives you the money to rebuild your home and contents. An "actual cash value" policy is cheaper but pays only what your property is worth at the time of loss?your cost minus depreciation for age and wear.
FAQ #26224
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What is the difference between “actual value” and “replacement value”?
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- Build a flood dike 4-minute demonstration by Dr. Ken Hellevang, North Dakota State University Extension Engineer.
- Coastal Hazards documents in the National Sea Grant Library.
- FloodSmart.gov is the official National Flood Insurance Program Web site. Can flooding affect your community?
- DisasterAssistance.gov consolidates disaster assistance information on one Web site.
- Snow/Ice preparedness information.
- Influenza preparedness information.