Massachusetts Personal Property Coverage
Personal Property Replacement Cost Coverage is the best protection for your personal possessions.
Many homeowners policies provide only actual cash value coverage for your home's contents. If, for example, you have a kitchen fire and your 10-year-old refrigerator is destroyed, a standard homeowners policy, paying on the basis of depreciated value (actual cash value), will provide minimal or no reimbursement for its loss.
On the other hand, replacement cost coverage on your home's contents, like that available from Commerce/Citation Insurance, will permit you to go out and buy an equivalent new refrigerator, knowing you'll be reimbursed for the entire cost minus only your deductible. For the small additional cost this could be the best value in property insurance for your Massachusetts home.