Products: Renters Insurance: Replacement Cost
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If you lost everything in a catastrophic event, how much does your renters insurance policy cover? With Farmers Union Insurance Replacement Cost Coverage the full cost is covered.

Standard Renters Insurance normally covers your possessions on an Actual Cash Value (ACV) basis. This means that it covers the cost to replace your possessions less depreciation for age. In the event of a large loss you could be left with a steep bill to cover the difference between what your insurance policy pays and what it costs to replace your possessions. This is where Replacement Cost Value coverage comes into play. Replacement Cost coverage will cover the full cost of repair or replacement of personal property with no deduction for depreciation. In other words, everything is replaced with new items equivalent to your old items when they were new.

Farmers Union Insurance | 5619 DTC Parkway, Suite 300 | Greenwood Village, CO 80111