Actual Cash Value vs. Replacement Cost

  I just want to take a moment to talk about actual cash value versus replacement cost insurance. When your home, personal property or business building is insured, the policy will pay for claims one of two ways. The first way is called replacement cost insurance. Basically, you have replacement cost coverage. The insurance company […]

Do you remember this moment in your own life? Daniel had just gotten his first paycheck. He had kept track of the hours he’d worked and calculated exactly how much he’d earned in his first pay period. (And made plans on what to buy with the money!) But when he ripped open the envelope, he […]