SDFR - San Diego Flood Restoration
SDFR – San Diego Flood Restoration
An IICRC Board Certified Company fully licensed and insured.
(619) 265-7337

SDFR Google+ SDFR Yelp SDFR Angie's List SDFR Thumbtack SDFR Facebook

  • Home
  • Services
    • Water Damage
    • Sewage Cleanup
    • Fire & Smoke Damage
    • Mold Removal
  • About
  • Links
  • Blog
  • Contact
  • Reviews
  • Home
  • Services
    • Water Damage
    • Sewage Cleanup
    • Fire & Smoke Damage
    • Mold Removal
  • About
  • Links
  • Blog
  • Contact
  • Reviews

Actual Cash Value Insurance versus Replacement Cash Value – Understanding the difference.

Actual Cash Value

Simply put, actual cash value depreciates the value of items at the time of the insurance claims assessment. Even the best insurance depreciation calculation varies by the item insured, the insurance company and the individual insurance claims adjuster (among other factors).

Replacement Cost Value

Replacement cost value does not depreciate the value of items insured at the time of the insurance claims assessment. Replacement cost is the actual cost to replace an item destroyed or damaged in the event of a covered loss by an insurance company. Replacement Cost, actual cash value and general notes about finding a cheaper insurance policy:

• Replacement Cost increases the cost of an insurance policy. But if you ever need to file a claim, you’ll be glad you have it.

• The biggest benefit to sticking with actual cash value insurance is that it’s a cheaper insurance policy. But, there are cheap replacement cost insurance policies out there- work with an insurance agent to find the best policy for any home or business.

• If replacement cost insurance is present on the policy, the policyholder may have to provide a value for the items insured in case of claims. Regardless, receipts, video, and itemized inventories stored at a remote location make the insurance claims process an easier and faster one.

Unfortunately we at San Diego Flood Restoration see some of our customers find out what kind of insurance they have when it is too late. If you are not sure, speak to your property insurance carrier for answers and make sure you are fully covered before a calamity strikes.

Related posts
Coronado Eagle Newspaper Quotes Owner of Coronado Flood Restoration
September 5, 2013
Sewage Safety Advice
August 27, 2013
It’s Back to School for Coronado Flood Restoration
August 24, 2013
Top Down Water Damage Clean up
August 7, 2013
The Need for Water Damage Cleanup Services in San Diego
July 31, 2013
Avoiding Water Damage while on Vacation
July 30, 2013
Recent Posts
  • Coronado Eagle Newspaper Quotes Owner of Coronado Flood Restoration
  • Sewage Safety Advice
  • It’s Back to School for Coronado Flood Restoration
  • Hurricane Season in San Diego and Flood Damage Preparedness
  • The Dangers of Hard Water in San Diego
Archives
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • September 2011
Categories
  • Blog
  • Latest News
News Calendar
June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Sep    
Water Damage
  • Wet carpet extraction
  • Hardwood floor drying
  • Complete structural drying
  • Drywall and baseboard
Sewage Cleanup
  • Toilet backflow
  • Main sewer line backflow cleanup
  • Flooded basement and crawlspace
  • Extraction and Sanitizing
Fire Damage
  • Fire and Smoke Cleanup
  • H.E.P.A Air filtration
  • Odor treatment and cleaning
  • Personal property restoration
Other Services
  • General Contracting and Remodeling
  • Asbestos/Lead/Mold Abatement
  • Emergency Boardups/tree fall
  • Crime Scene/Hoarding cleanup
SDFR - San Diego Flood Restoration
  • Home
  • Services
    • Water Damage
    • Sewage Cleanup
    • Fire & Smoke Damage
    • Mold Removal
  • About
  • Links
  • Blog
  • Contact
  • Reviews
Main Menu

SDFR - San Diego Flood Restoration
340 Millar Ave
El Cajon, 92020
Available 24hrs (619) 265-7337