We'll pay the replacement cost for items at the time of loss, then up to the full amount of the cost in today's market in the event of a covered loss. With Personal Property Coverage, you'll receive the actual cash value of covered personal property that needs to be replaced due to a covered loss.Prepayment assumptions for mortgage. Replacement cost means the cost to replace covered property: 1. With new materials of like kind and quality and used for the same purpose; and. 2. Timothy Michael Sweeney. This course will introduce and develop computer-aided drawing skills used in the architectural, construction, and civil engineering fields. As a result of the accident, Plaintiff filed a claim for property damage with. Defendant, claim number PD000-034261080-04 (the "Claim"). 15. Liberty Mutual Insurance Company - Auto.