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.Pays the actual cash value of covered personal property that needs to be replaced due to a covered loss. The Insurance Handbook is the latest addition to I.I.I.'s vast arsenal of resources, including books, brochures, newsletters and videos. Take photos or videos to document damages to your home and personal belongings. Please send us this documentation via your online account or email. Chat With Us. Call Us At (855) 355-5777. Replacement cost (subject to limitations) applies to covered property. Damage to personal property in a dwelling. A senior British politician pushed back Friday on Elon Musk's criticism of the government's handling of a historic child grooming scandal.