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Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property. Insurance that reimburses clients for the full replacement value of personal property, instead of its depreciated value, also is important. This includes information like the full cost of purchasing, the terms of the lease, the depreciated value of the property at the time you would want to move, an estimate of the property's value at that time, estimates of maintenance costs, and your tax rates. |
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