Stop Insurance Companies From Removing Replacement Cost Value Policies Without Explaining To Consumers

Major insurance companies like All-State and Farmers have adopted a new Homeowners Insurance Policy that no longer pays replacement cost value on homes in case of loss. These companies are dropping the premiums across the board and not explaining that, these policies are actual cash value and they will not be receiving any depreciation funds in order to make the repairs. The home owner wont receive a fair and balanced settlement from the Insurance company, who has been receiving their premiums in case of such an emergency. I understand the reasons for needing to change the methods that the insurance companies use to help cover from more financial loss. It is unacceptable to cover an Insurance companies financial loss, over actual loss to our fellow citizens and homeowners.