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Pros And Cons Of Cash Value Homeowners Insurance Discussed


Since money is an issue for so many homeowners, considering cash value insurance policies is becoming a very viable option. According to an article recently published on, a cash value homeowners insurance policy is much more affordable than a replacement cost policy.

The article, titled, ‘Understanding Cash Value Homeowners Insurance’ stats, “A cash value homeowners insurance policy is generally much more affordable, but may come with some setbacks. The biggest advantage a homeowner has with a cash value homeowners insurance policy is the affordability. It is generally the cheapest option. However, the biggest setback with a cash value homeowners insurance policy is that it’ll replace any item you make a claim for with its depreciated value.”

The reason for the affordability as well as downfall of a cash value homeowners insurance policy is the fact that it reimburses you for the depreciated value of your home or contents and not the purchase price. A replacement cost might be more up your alley if you’re more concerned with getting the most out of your coverage at a higher price.

Visit today to compare policies and determine which fits your budget as well as your insurance expectations. Gather homeowners insurance quotes from a number of different companies and talk to a home insurance agent about replacement cost vs. cash value homeowners insurance.

Staff Contribution: Kyle Fitzsimmons


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