Insurances: Replacement Cost, Debris Removal and Property-related costs

Description

This Skill Bit explains replacement cost, and the expense of replacing damaged property with new items of similar quality, and emphasizes the need for policyholders to review insurance terms carefully. It also covers debris removal costs post-incident, typically included in property insurance, and highlights various other property-related costs that insurance may cover, ensuring financial protection and support for property owners during recovery and restoration efforts.

Duration approx. 4 Min.

Tier: proficiency