If my home burned to the ground, how much money would the insurance company give me?
Insurance companies normally use one or two methods to figure out how much you will be reimbursed. The most common calculation is the actual cash value, which is the replacement value minus depreciation. The second calculation is simply the replacement cost of the lost property with no depreciation, but usually with a maximum value. Also, don’t forget that the company will subtract the amount of your deductible from the settlement.
