MyRenters plans are generally designed to pay replacement cost on covered personal property — replacing items new rather than at depreciated value. Valuation terms are governed by your plan documents.
Is Coverage Replacement Cost or Actual Cash Value?
MyRenters plans are generally designed to pay replacement cost rather than depreciated value.
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Disclosure. This page is general educational information only and is not financial, tax, legal, investment, or insurance advice. RMO is a family of separate businesses; any product or service mentioned is offered by the applicable RMO subsidiary and is subject to that product’s terms, conditions, and eligibility requirements. For guidance specific to your situation, consult a qualified professional.