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actual cash value replacement value
7.389 documents for actual cash value replacement value
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Coinsurance can be described as a property insurance provision that imposes a penalty on an insured's loss recovery if the limit of insurance purchased is not at least equal to a specified percentage of the value of the insured property. Since most property losses are partial, individuals who purchase full coverage ordinarily would pay an inordinately higher premium than those who play the odds and limit the amount of their insurance. Therefore, insureds with full coverage would pay an inequitable premium. In an effort to avoid this inequity and to encourage insureds to carry a reasonable amount of insurance in relation to the actual cash value (or replacement value) of their property, a coinsurance requirement is incorporated into many commercial property insurance policies. By obtaini...
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... percentage (usually 80 percent) of their value and that the company will not be liable for a grea... of either the undepreciated replacement value or the depreciated replacement value or the depreciated replacement value (actual cash value) of the buildings at the time of the lo...
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Insurance; Coverage; Property insurance; R.C. 3929.25; Valued policy law; Total loss; Replacement provision; Actual cash value Because the insureds elected not to repair or replace a structure destroyed by fire, they were entitled to recover only the actual cash value rather than the full face value of the policy in accordance with R.C. 3929.25, Ohio's valued policy statute.
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When Sergii and Korie Bukovelo went to see their insurance agent, the newlyweds just wanted auto insurance. But the couple, who had just moved into their first apartment in Hamburg, ended up with something extra: renters insurance.
...But the value of laptop computers, flat-screen televisions and ... of thousands of dollars to cover the replacement of the contents of the individual's apartment or ...1. Actual cash value vs. replacement cost. Actual cash value...
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... debates on sinkhole insurance fraud, actual cash value vs. replacement cost value, and enhance...
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The actual cash value of your car is based on the value of your car at the time of the accident, taking into account its current market value. [...] the insurance company's obligation is to repair the car based upon its actual cash value, not its replacement cost." * What is meant by aftermarket parts? "Auto repair shops may use aftermarket and/or used parts when repairing or replacing a damaged part.
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...must pay the replacement cost value for business property destroyed in a fiire,. even though the appellants did not actually replace the property. We have. jurisdiction under ... they were entitled only to the actual cash value of the remainder of the destroyed property. ...
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... Court overestimated the building's replacement cost and failed to find and subtract an amount for... depreciation in order to calculate actual cash value. Thus, we will instruct the District Co...
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The premiums for renters' insurance average between $15 and $30 per month, depending on the location and size of the rental unit and the policyholder's possessions. Most renters' insurance policies provide two basic types of coverage: personal property and liability. Personal property coverage pays to repair or replace personal belongings if they are damaged, destroyed, or stolen. This is the most commonly purchased renters' policy. Another important factor to look for when shopping for renters' insurance is "actual cash value" vs. "replacement cost" coverage.
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C onsumers are used meeting with their doctor every year for a physical and having an annual performance review with their employer, but not everyone remembers to schedule an yearly review of their homeowners insurance. Most homeowners insurance policies are renewed each year, but many policyholders only glance at the paperwork and check to see whether the premium is increasing before filing everything away. Insurance agents recommend that homeowners take a few minutes when the policy is renewed to check their coverage and consult with an agent or their insurance company to make sure they are adequately covered. Homeowners also should let their insurance company know when they have made major changes to their home or to their personal property.
... insurance coverage is based on the replacement cost of the home, not market value. Some homeowner... cost for the home contents rather than 'actual cash value,' because the cash value is the equival...
