a homeowners insurance claim for items in the home at the time of purchase what is the best way to determine ?
Wednesday, July 29th, 2009 at
11:10 am
Sarbear asked:
the age of the item for proper replacement cost/depreciation: time in the home or a educated guess?
the age of the item for proper replacement cost/depreciation: time in the home or a educated guess?
Tagged with: Depreciation • Educated Guess • Insurance Claim
Filed under: Homeowners Insurance
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Current cost to replace, less depreciation for age. You’re going to be able to ballpark the age of the item.
Home insurance is actually very flexible. I’m not familiar with all the details of my home policy, but my homeowners insurance agent is always helpful. Try visting your agent or a agent in your area. They will be able to help you.