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  2. Roof insurance: ACV vs. replacement cost - AOL

    www.aol.com/finance/roof-insurance-acv-vs...

    For example, if the replacement cost — not the amount that you paid for it originally, but the amount it would cost to replace it today — for your roof is $20,000, but the roof loses 5 percent ...

  3. Does homeowners insurance cover foundation repair? - AOL

    www.aol.com/finance/does-homeowners-insurance...

    According to Home Advisor, the average cost of a foundation repair ranges from $2,160 to $7,760. But the cost of foundation repairs can range widely depending on the extent of the damage and the ...

  4. Does homeowners insurance cover renovations? - AOL

    www.aol.com/finance/does-homeowners-insurance...

    A home renovation can change your insurance needs. Key takeaways. Significant home renovations can impact the value of your home, and you may need to adjust your homeowners insurance accordingly.

  5. Replacement value - Wikipedia

    en.wikipedia.org/wiki/Replacement_value

    The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...

  6. Actual cash value - Wikipedia

    en.wikipedia.org/wiki/Actual_cash_value

    This percentage multiplied by the replacement cost equals the actual cash value. For instance, imagine a man bought a television set for $2,000 five years ago, which was unfortunately destroyed in a hurricane. His insurance provider estimates that televisions typically have a useful life of 10 years. Today, a similar television would cost $2,500.

  7. Property insurance - Wikipedia

    en.wikipedia.org/wiki/Property_insurance

    An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...

  8. If a neighbor's tree falls on your property, who has to pay ...

    www.aol.com/finance/neighbors-tree-falls...

    If there’s minimal damage, it may not pay to file a claim if the cost of repairs is below the cost of your deductible. But since tree damage can be extensive, filing a claim does make sense in ...

  9. Home repair - Wikipedia

    en.wikipedia.org/wiki/Home_repair

    Home repair involves the diagnosis and resolution of problems in a home, and is related to home maintenance to avoid such problems. Many types of repairs are " do it yourself " (DIY) projects, while others may be so complicated, time-consuming or risky as to require the assistance of a qualified handyperson , property manager , contractor ...

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