With replacement costs often exceeding $750,000, high-value homes typically represent an enormous investment on behalf of the homeowner. With so much money on the line, it’s important that high-value home owners have adequate luxury home insurance. Part of getting the right luxury home insurance policy for your needs is understanding the difference between replacement cost and actual cash value. Depending on the policy you select, your coverage will be determined by these factors. So what’s the difference between these coverage types, and which is right for you? Read more