Recently my house was burglarized and lost a lot of jewelries. I have a HO-290 Personal Property Replacement Cost endorsement on my policy. What I understand is the insurance will give me ACV first then have the item replaced and give them the receipt for reimbursement. Is this true?
There are almost 40 jewelries (watch, earrings, necklace, ring, etc) that were taken so do we need to find the replacement for each? I hope somebody can help me understand it better.
Thank you.
There are almost 40 jewelries (watch, earrings, necklace, ring, etc) that were taken so do we need to find the replacement for each? I hope somebody can help me understand it better.
Thank you.