Under most homeowners' policies compensation for structural damage is at

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Under most homeowners' policies, compensation for structural damage is based on replacement cost. This means that the insurance company will pay the cost of repairing or rebuilding the damaged property to its pre-loss condition, without deducting for depreciation. This approach ensures that the policyholder can fully restore their home to its previous state, without suffering any financial loss. Actual cash value and market value are not the best choices for compensation, as they do not provide full coverage for the cost of repairs or rebuilding.

Under Most Homeowners' Policies Compensation for Structural Damage Is at