I have replacement cost coverage. Why did you show depreciation on the estimate?
If you purchased replacement cost coverage in your policy, we will cover the actual cost of repairing or replacing damaged, destroyed or stolen personal property with property of like kind and quality. We’ll make an initial payment based on the current actual cash value of that property, or ACV; once you have repaired or replaced the covered item, we’ll pay an additional amount, up to your coverage limits. Ask your local Kentucky Farm Bureau agent about your specific coverage or claim.