Get the free Offer of Replacement Cost Coverage and Law and Ordinance ... - flcourts

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This document provides instructions for counties in Florida to complete a quarterly summary form of funds collected and expended from traffic-related surcharges as per Florida Statutes 318.18 (13).

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What is offer of replacement cost?

Offer of replacement cost is an insurance policy that covers the cost of replacing an item with a new one, rather than its actual cash value.

Who is required to file offer of replacement cost?

Insurance companies are required to file an offer of replacement cost for each insured item.

How to fill out offer of replacement cost?

To fill out an offer of replacement cost, you need to provide details about the insured item, its replacement value, and any supporting documentation.

What is the purpose of offer of replacement cost?

The purpose of an offer of replacement cost is to ensure that policyholders are adequately compensated for their losses and can replace damaged or stolen items with new ones of similar value.

What information must be reported on offer of replacement cost?

The offer of replacement cost must include information about the insured item, its replacement value, the policyholder's contact information, and any supporting documentation or valuation reports.

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