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. Listing forms are available from your local county assessor's office.The listing must identify all taxable property located in the county as of noon on. Yes I agree replacement cost is important if a total loss of your personal property would put you in a bad situation; in most insurance markets. Personal property insurance helps pay to repair or replace the things you own after a covered loss, like a fire or theft. Also known as replacement cost coverage, replacement cost insurance pays for you to replace a damaged piece of property with a new one. Learn the difference between replacement cost value and market value coverage to make an informed decision when purchasing home insurance. Personal property insurance pays to replace your belongings if they're stolen or destroyed. Here's what it covers and how to get it.
