How much coverage is required by most insurance companies to qualify for full payout?
- 80% of the replacement cost
- as much as you can afford
- 100% of the actual cash value
- 50% of the replacement cost
- 80% of the replacement cost
Most insurance companies require policyholders to have coverage for at least 80% of the replacement cost of their property in order to qualify for a full payout in the event of a covered loss.