Fire Damage Restoration Arizona | Water Damage Restoration Arizona | AZ Fire Water Restoration | Arizona Fire & Water Restoration, Inc.
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Most homeowner policies are written on a replacement cost basis, which means that the loss is measured by the amount of money it takes to repair the house or replace the damaged personal property. Some policies are written on an actual cash value basis, which means that the insurance company pays the run down value of the damaged item rather than its replacement cost.