Sentences with phrase «actual cash value amount»

As a result, the insured first collects the depreciated or actual cash value amount.

Market value (what you paid originally) minus depreciation gives you the actual cash value amount.

When you replace the item or complete the specified repairs, we'll pay you the difference between the replacement cost and the actual cash value amount previously paid.

Your deductible will be due and then the repairs or total loss of your vehicle will be paid out, up to the car's actual cash value amount.

Not exact matches

This compensation data was ranked within the Labor Market Peer Group by the aggregate amount of annual salary, annual target and actual incentive awards, plus the annualized grant date value of long - term cash and equity compensation.

For each position, this compensation data was ranked within the Labor Market Peer Group by the aggregate amount of annual salary, annual target and actual incentive awards, plus the annualized grant date value of long - term cash and equity compensation.

Customer further acknowledges their personal responsibility for the negative equity on their trade - in (calculated as the difference between the actual cash value of the trade - in and the amount owed on the loan).

Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan or lease, which could leave a financial «gap» of thousands of dollars.

In simple terms, that means that your property losses are paid out at the amount of money you need to go buy a replacement item, not the actual cash value.

To calculate your current gap you'll need to determine the total amount you owe your leasing or financing company, the actual cash value of your vehicle, and your insurance deductible.

The amount you receive after a claim will depend on whether you have replacement value coverage or actual cash value coverage (depreciated value), and whether you have policy addendums, called «riders,» that list specific items of value.

Remember that personal property coverage generally contemplates the cost to replace the property at retail with an item of like kind and quality, so you should consider coverage amounts in that context, rather than in the context of actual cash value.

You always want that coverage to be at replacement cost, so you can replace the property — actual cash value is the depreciated amount and that's definitely not what you want.

This means that after a loss you would get the amount needed to replace the item with like kind and quality, rather than the actual cash value.

The actual cash value of your property might not amount to much, and that's why policies include replacement cost.

Make sure you ask for renters insurance replacement cost coverage — Effective Coverage strongly encourages this because you don't want the depreciated actual cash value of your property — you want an amount of money that will allow you to replace the property with new of like kind and quality.

If you have a total loss, we'll pay out the actual cash value of what your motorcycle is worth + the amount of accessories you have on your bike up to your coverage limit.

Insurance.com noted if a car has been totaled and the amount due on the loan is greater than the car's value, the insurance company will pay out the car's actual cash value (defined as the market value prior to damage from the accident).

That means you get the amount of money you need to replace the item, rather than the depreciated actual cash value.

A homeowners insurance policy with actual cash value coverage typically determines value by taking the cost to replace your personal belongings and reducing that amount due to depreciation from factors such as age or wear and tear, says the Information Information Institute (III).

It will depend on how the insurer defines payout amounts in the contract — based on actual cash value or replacement value.

Find out if an insurer covers «actual cash value» - the amount to repair or replace items after depreciation - or «replacement cost» which replaces or repairs as close as possible to the original without considering depreciation.

You want to be sure that you'll get the amount you need to get a new item, not the depreciated actual cash value.

Are your belongings insured for actual cash value (replacement cost minus depreciation) or replacement cost (the amount to replace an item at current prices)?

With actual cash value, the insurance company pays you an amount equal to the replacement value of damaged property minus a depreciation allowance.

Actual Cost of Renting: The cost of renting is the amount of money you will spend on rent minus the value of the return you receive on the cash you have for a down payment (if you invested it).

You do not have significant cash savings that would allow you to cover the difference between the amount you owe on your loan and the actual cash value if your car is stolen or totaled.

Just input your own PIA data (Primary Insurance Amounts, or monthly benefits in dollars), using your actual benefit statement, and then compare annual cash flows and estimated ending investment account values, between starting retirement benefits at ages 62, 67, and 70.

Because replacement cost policies pay out higher amounts than actual cash value policies, they typically cost more in terms of premiums.

The actual cash value refers to the exact dollar and change amount at the time of death.

A hypothetical amount (not actual cash value) used to calculate the owner's optional benefits within a VA..

Or if you're redeeming for a premium cabin award, you'd never pay such an exorbitant amount of actual money, so it's not fair to calculate the redemption at full cash value.

Looking to capitalize on sloppy legislative drafting, the applicant in McNaughton argued that if the insurer reduced the payment for actual cash value by the amount of the deductible, then the actual cash value was not being paid, and therefore, the salvage should not vest in the insurer.

At issue was whether, in adjusting an at - fault total loss claim (a «write - off» of the vehicle), insurers could continue the standard practice of subtracting the amount of the deductible under the insured's policy from the actual cash value paid to the insured, when the insurer retained title to the salvage (the «totalled» car).

The insured claimed in each case that the insurer's letter and attached «STANDARD REPORT,» when read together, gave rise to a legal obligation to determine the «actual cash value» of the property on the basis of a replacement cost less ten percent depreciation, an amount more than that determined due by the insurer and later by a referee.

Under the terms of the policy, coverage on the building would be determined on a actual cash value basis up to the amount of the policy limit of $ 800,000.

The actual cash value represents the original value of an item minus a certain amount for wear and tear.

In general, the cash value in a permanent policy is designed to grow, and this growth reduces the net amount at risk in a policy, which keeps the mortality cost at reasonable levels even though the actual cost per $ 1,000 of death benefit is growing every year.

Gap insurance for a new vehicle pays the difference between the actual cash value of the vehicle and the amount left on your car loan if your vehicle is totaled.

Announcer (voiceover): Then, make sure you know what type of personal property coverage you have: A «replacement cost» policy typically pays the dollar amount it would take to buy a new item at the time of a claim, while an «actual cash value» policy pays the cost to repair or replace minus depreciation.

After your Comprehensive coverage or your Collision coverage has paid you the actual cash value for your vehicle, less your deductible, your Loan / Lease Payoff coverage will pay the difference between the actual cash value and any additional amount you owe under the terms of your vehicle lease or loan (excepting fees and charges).

In that case, the company will pay the actual cash value (depreciated amount) at the time of the loss, and then pay the additional amount to actually repair or replace once the repairs have been made or at least contracted to be made.

Auto Collision insurance coverage pays for damage to your covered vehicle (up to its actual cash value), less the deductible amount, for losses caused by collision.

However, it will only pay out up to the actual cash value of your car, and you will have to pay the deductible, so be sure claim amount is higher than your deductible.

Comprehensive auto insurance coverage helps pay for damage to your covered vehicle (up to its actual cash value), less any deductible amount, when the damage is caused by events such as fire, theft, glass breakage, riot, windstorm and hail.

Gap coverage kicks in if the insurer declares your car a total loss, and the payout from the insurance company for the vehicle's actual cash value is less than the amount you owe on the car loan.

The amount of compensation you receive for a claim depends on a few things, including your deductibles, limits and whether your boater's insurance covers your boat's actual cash value, replacement cost or agreed upon value.

This definition is often used to compare it to Actual Cash Value (ACV) and to explain why you are not being paid the full amount of your damages.

The amount of compensation you receive for a claim depends on a few things, including your deductibles, limits, and whether your boat insurance covers your boat's actual cash value, replacement cost, or agreed upon value.

Auto loan or lease coverage Covers the difference between the unpaid amount on the loan or lease and the actual cash value of the vehicle, if your vehicle is a total loss after an accident