Most home insurers use replacement cost value (RCV) to calculate your dwelling coverage limit rather than market value or actual cash value (ACV), which factors in depreciation. …

Total loss When an accident causes extensive or costly damage to your vehicle, we may determine it’s not practical to complete repairs (this usually means that repairs cost more than …

If your theft claim is approved, your home insurance company usually pays you the actual cash value (ACV) of the stolen item. Many insurers allow you to purchase replacement cost value …

Learn more about the different types of homeowners insurance, condo insurance and renters insurance policies to find out which is best for you.

Extended replacement cost expands your dwelling coverage by 10% to 50% of the cost to rebuild your home, depending on your homeowners policy.

A standard homeowners insurance policy typically won't pay to bring your home up to code. However, many insurance companies offer an optional building code insurance coverage that …

Agreed value coverage insures your classic car for what you and your insurer agree it's worth. Learn more about agreed value coverage and how it works.

The initial amount paid to you, minus the deductible and depreciation. Glossary of terms Here you might find some helpful definitions to common terms on your home estimate. Actual cash …

Wondering how to read your car insurance coverage? Learn the basics of your insurance contract with this quick guide.

Learn how a comprehensive deductible works with your car insurance policy and find out how to choose the right deductible amount for your needs.