DDI Insurance Agency

24522 Harper Avenue

St Clair Shores, MI 48080

(313) 925-3216

[email protected]​

My Blog


Why do I need Replacement Cost on Contents?

Posted on September 4, 2013 at 5:12 PM
Actual Cash Value
Actual cash value is the replacement cost of repairing or replacing an item, minus depreciation and/or wear and tear.
Let's say your refrigerator is 7 years old .The average life expectancy is 14 years old,(source
So your refrigerator has depreciated at least 50% (often more).
If you had a claim on that appliance it could go like this;
Side by side refrigerator with ice maker   cost new                   $ 1,500.00
Less Depreciation                                                                  - $750.00
Less Deductible                                                                   - $1000.00
Equals                                                                                   no claim
Replacement Cost
Replacement cost is the amount of money it would cost to replace a damaged item with a new one at the time of the claim.
Side by side refrigerator with ice maker  cost new                       $1,500.00
Less Deductible                                                                      - $1,000.00
Claim Payment                                                                         $ 500
Of course should you have a kitchen fire,(and I hope you do not), more items would be damaged, including damage to your home. 
Which brings up a good point, what about Replacement Cost on my home?......
Stay tuned and find out.

Categories: actual cash value, homeowners insurance, insurance, replacement cost

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.


Reply PL Gas Appliance
1:07 PM on July 2, 2014 
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Fantastic work!
Reply MCX HNI Tips
8:03 AM on February 3, 2017 
I like the way you tied all the details
Reply MCX Free Tips
6:49 AM on February 6, 2017 
Helpful knowledge you shared here
Reply Stock Cash Premium
7:59 AM on March 7, 2017 
Interesting post related to cost
Reply xpert writers
7:47 AM on March 2, 2018 
Great replacement cost on contents for the great depreciation on products, It could be the better appliances always. Mostly ddiinsurance blog has been sharing on the replacement costs and claim payments.
Reply vip replica watches
3:06 AM on July 15, 2018 
Great post!! Thanks to you! Finally I got some stuff in your blog post related.
Reply replica wathces sale
6:46 AM on July 16, 2018 
That is why we really should drive carefully every time.
Reply Azariah
8:37 PM on July 28, 2018 
People can follow these to sale quickly.I was very interested in the article, it's quite inspiring I should admit.linkI cling on to listening to the news update lecture about getting boundless online grant applications so I have been looking around for the most excellent site to get one.It is really informative and quality of the content is extraordinary.linkYou are blessed with an outstanding musical talent.Manchmal Von Zeit zu Zeit , Spieler verwundet oder reizen Ein Verletzungen in der Praxis beobachten.Es vermutlich uebergab ueber viel kurz vor I Auf erklaerte ihr, dass am Sonntagnachmittag, warum ihre Grossmutter immer gewoehnlich slice die Spitze
Reply Jone Smith
8:21 AM on March 14, 2019 
I like your way which you have to write a blog about a need replacement cost. You have posted a stunning a website I appreciate your hard work. I have bookmarked for reading further topics. Visit Here minecraft build team according to your need.
Reply For More Information Visit
8:42 AM on June 12, 2019 
You can also follow some successful business Leader like Arviv in order to become successful in your business.Arviv is an Entrepreneur & Investor from Canada and President at Will-Power Management Inc For More Information Visit.
Reply Commercial sliding glass reception windows
3:54 PM on June 25, 2019 
CR Laurence manufactured commercial sliding glass reception windows are very popular nowadays and used in office receptions, cashiers and other business site. The window contains two sliding glass panels. These windows are well furnished and Satin Anodized or Duranodic Bronze finished.
Reply 192.168 l l
7:10 AM on July 1, 2019 
Before buying and selling its most important to know whats the current price of gold as this returns you actual cost.
Reply LED on installment lahore
5:47 PM on November 28, 2019 
Thank you for posting such a great and valuable information regarding I’m prescription free!!!
Reply Shia Court Marriage Pakistan
12:15 PM on December 13, 2019 
Shia Court Marriage Pakistan
Reply online court marriage in Pakistan
12:16 PM on December 13, 2019 
online court marriage in Pakistan
Reply Court marriage form
12:16 PM on December 13, 2019 
Court marriage form
Reply court marriage in islam in urdu
12:16 PM on December 13, 2019 
court marriage in islam in urdu
Reply court marriage certificate
12:16 PM on December 13, 2019 
court marriage certificate
Reply Marriage law in Pakistan
12:16 PM on December 13, 2019 
Marriage law in Pakistan
Reply Jimmi
11:16 AM on January 18, 2020 
I am really impressed by this wonderful stuff. I always prefer to read the quality content and this thing I found in you post. Thanks for sharing
Get medical weight loss in Turnersville