What Is Homeowner Content Replacement Cost

Homeowner content replacement cost, also known as, personal property content replacement cost, is an optional endorsement that many homeowners insurance companies in California offer. Personal property replacement will replace the contents of the insured personal property in the event of a loss. Many people are not aware that most standard homeowners packages do not cover the replacement cost of personal property. With the standard personal property coverage, the insurance company will pay the current value of the insured personal property, rather than what it costs to replace it. It may be hard to place a current value on personal property. Personal property is used and will be valued as used property at the time of a claim. Without the content replacement cost coverage, the endorsement you will be paid would is the estimated value to replaced used goods, not new. This difference can be substantial and for the cost of the additional endorsement on your policy it is well worth it. It will be a minimal increase in the premium. If you are involved in a total loss homeowners claim, you want to rest assured that you will have chosen the appropriate coverage for you and your family and that you are able to replace your personal property. Request your quote online today or call 530.923.2930 License 0G13612.