Affordable Insurance For British Columbia Residents.
What is a Loss Settlement Option?
A loss settlement option provides funds paid out to you by your insurance company after a loss or damage to an item.
3 Loss Settlement Options:
Agreed Cash Value
Also called the “fair market value,” or the purchase price minus depreciation. Actual cash value generally has a lower premium than the replacement cost option.
Replacement Cost
It will cover the cost of replacement, up to a certain amount.
Agreed Value
This is generally for specialty items like a classic car, artwork, or jewelry collection where the payout value is agreed upon beforehand and that’s what will be paid out.
How to Get a Free Online Insurance Quote in British Columbia?
At Sharp Insurance, we offer free online insurance quotes for British Columbia residents.
3 Easy Steps to get a free online quote:
- Have your insurance information ready for a more accurate quote.
- Request an insurance quote online or by phone.
- Ask for quotes from several different insurance companies in British Columbia.
Apply online today and get a free quote in minutes!