Actual cash value
If you make a claim on your insurance policy, we will offer you the actual cash value for your lost items. This means, we will give you only what the items are worth in their used state, not what it would cost you to replace the items with new ones at today's prices.

Replacement value
If you have to make a property claim, we will give you the cash value of all the items you have lost. When you replace the item with a similar kind and quality within 180 days of the day it was destroyed, the insurance company will pay you what it cost you to replace the item. This means you are getting the value of new items, not the depreciated value of what your belongings were worth.

Brick veneer
This is one of the materials used in home construction. The construction type of your property to determines your rates. Generally, if your home is of a more solid construction like brick or brick veneer, the lower your insurance rates. This is because these materials are less combustible than other building materials.

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