Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Sep 15, 2020

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Most insurance companies cover your household contents — things like furniture, clothes, appliances, etc. – on an actual cash value basis in both home and tenants policies. You have to pay as much as 10-15% more if you want to insure at replacement cost. That’s where companies will ignore depreciation and pay today’s price for a brand version of whatever you lost. Of course, you’ll have to foot the bill for the deductible regardless of the value.