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You selected: Yes
You're off to a good start. Yes, since you've purchased replacement cost coverage, the policy will pay the entire loss minus your deductible. Without replacement cost, the company could pay a reduced amount due to wear and tear and use of the item. For example, a CD, which might cost $15 to replace, may only be worth $5 if it has been used for a while. This is why replacement cost coverage is very important.