How Is Content Replacement for Home Insurance in Ontario?

Insurance Forum
1

Hi guys…

I’m trying to get a better understanding of how content replacement works for home insurance in Ontario. I want to ensure I have the right coverage and know what to expect if I ever need to make a claim. Content Replacement vs. Actual Cash Value: How does content replacement coverage differ from actual cash value coverage in home insurance policies? Specifically, how does content replacement work in Ontario?

2

Hallo buddies,
Content replacement coverage, in your Ontario home insurance policy essentially means that if your belongings are damaged or stolen, your insurance will cover the cost to replace them with new, similar items.