Agent Spotlight – Amanda Bunch – Personal Lines

Agent Spotlight – Amanda Bunch – Personal Lines

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Amanda is relatively new to the insurance industry.  She joined Vogedes Insurance in October 2016 and was licensed in February 2017.  She has quickly learned from her class as well as hands on what the insurance industry is all about.  Amanda hopes to start working on her insurance designations, preferably the Certified Insurance Counselor (CIC). She is here to help you with all of your personal insurance including auto, flood, homeowners and wind.

Amanda is from Chowan county and has lived here for 18 years.  She lives with her spouse and her fur babies.  She is a long term Chowan County Native with a wealth of knowledge about the area, especially Downtown Edenton.  Amanda is always willing to help with a bright smile and does not hesitate to go that extra mile!  Amanda is a member of the Friends of Shepard Pruden Library and Barker House Association.

Actual Cash Value vs. Replacement Cost Value

Actual Cash Value vs. Replacement Cost Value


Do you know the difference between Actual Cash Value and Replacement Cost Value?  If you don’t, you are not alone in this.  Homeowners policies offer either actual cash value or replacement cost to replace damaged, destroyed or stolen personal property.  Both actual cash value and replacement cost will pay out less your policy deductible if not previously met.  Here is a quick comparison of the two.
Actual Cash Value (ACV) is what the personal property is worth at the time of theft, damage or destruction less depreciation and policy deductible if applicable.
Replacement Cost Value (RCV) is what the personal property would cost today brand new less your policy deductible if applicable.

When looking over your homeowners policy see which coverage is better suited for your needs.  An ACV policy may be a smaller premium but there may be a higher risk when it is time to file a claim.  An RCV policy may have a higher premium but will be able to offer the peace of mind if your home and personal property are completely destroyed and need to be replaced and/or rebuilt.  Below is a claims scenario showing the difference between ACV and RC.

Claims Scenario

When you are reviewing your current policy give us a call and one of our Personal Lines Account Managers will be more than happy to go over your coverage with you.  Stop by one of our offices or give us a call if we can help in any way.


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By:  Jen Tighe