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Home and Property Insurance

Last Update 2 years ago

What does home insurance cover? Do you offer insurance for rented properties? What is contents insurance? What isn’t covered by home insurance? What is the difference between market value and replacement value?

What is the difference between market value and replacement value?

Learn the difference between insuring your home at market value or replacement value.

Apia Insurance Company

Last Update 2 years ago

  • Market Value: The current value of your home or property, accounting for depreciation.
  • Replacement Value: The cost to replace your home or belongings with new items, regardless of depreciation.

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