What are the 2 numbers in insurance policy?

What are the 2 numbers in insurance policy?

The first number refers to the bodily injury for one person, the second is for bodily injury liability for all persons and the third is for property liability damage. Many states mandate these three types of coverages. Sep 30, 2021

Is replacement cost better than actual cash value?

While actual cash value is cheaper, replacement cost provides better coverage since it includes the recoverable depreciation of your property.

What is full replacement cost?

Full Replacement Cost means the actual replacement cost thereof from time to time including increased cost of construction, with no reductions or deductions.