We'll pay the replacement cost for items at the time of loss, then up to the full amount of the cost in today's market in the event of a covered loss. However, Liberty Mutual can only pay you for the items you can document after a loss has occurred.With Personal Property Coverage, you'll receive the actual cash value of covered personal property that needs to be replaced due to a covered loss. Personal Property Replacement Service: In many cases, Liberty Mutual can locate the exact items you lost or the closest match and ship them to you quickly. Amount you pay out of pocket toward repair or replacement costs. With one quick call you can receive quotes from up to 5 of America's top-rated insurance companies: Farmers GroupSelectSM, Travelers, Liberty Mutual. Personal Property Replacement Cost Coverage. Your home, your personal belongings, and your business are meaningful and valuable assets.