Sentences with phrase «actual amount of coverage they need»

By «better,» I mean actually adding up all of your financial obligations, comparing that to your assets, and then figuring out the actual amount of coverage you need.

Not exact matches

When purchasing burial insurance, one of the most important factors is coming up with the amount of actual coverage that you will need so that your loved ones and survivors will have enough to pay all the expenses.

You will need to choose either «Actual Cash Value» coverage, which replaces damaged or stolen goods while taking depreciation into consideration, or «Replacement Cost» coverage, which will reimburse you the amount of replacement for stolen items at the current cost.

If your neighbor caused the loss, for example by starting a fire, his liability coverage is likely to pay you only the actual cash value of your property — not the amount you need to replace the property.

For example, with fire insurance, the amount you will pay depends upon whether you are buying «actual cash value» (market value of the home minus depreciation) or «replacement cost» coverage, which will cover complete rebuilding if needed.

Collision coverage is limited to the actual cash value of the vehicle, and requires a deductible, which is the amount you'll need to pay before receiving benefits.

When deciding on the amount of coverage you need, be sure that you're only including the actual value of your home.

Still, experts at the Insurance Information Institute insist that the minimum amount of insurance really needed for coverage to pay the actual costs of an auto accident is $ 100,000 in Personal Injury Protection (also known as PIP) and $ 300,000 in per - accident protection.

Your actual quotes will differ based on factors such as the amount of liability coverage you need, driving history and profile.