...and many people don't know that their homes (and contents) are
insured using actual cash values. The house that you bought 30 years
ago for 100,000 has "depreciated" to 50,000. It's market value is now
400,000. It burns, you get 50,000. Yikes!
Bob Johnson
BJ8
On Mon, Mar 14, 2011 at 9:54 PM, HealeyRick <healeyrick@yahoo.com> wrote:
> Here's a good discussion of the differences among "Actual Cash Value",
"Stated
> Amount" and "Agreed Value" policies: http://www.grundy.com/insurance101/
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