Our optional Replacement Cost add on coverage will help pay to repair or replace damaged property without deducting for depreciation. So let's say you toggle up Technology coverage to cover your laptop and phone and they get stolen - we'll reimburse you what it would cost to buy new ones of like model and quality. You can toggle on Replacement Cost while quoting or at any time after purchase by logging in to your account at www.gettoggle.com/login and clicking 'Edit policy'. Without Replacement Cost coverage, damage to your property will be reimbursed at Actual Cash Value, which takes into account the age and condition of your property before the loss or damage occurred. That means if your 10-year-old laptop gets stolen and you don’t have Replacement Cost coverage, your reimbursement amount will be based upon what it would cost to buy a similar 10-year-old laptop.