Sentences with phrase «actual cost of home insurance»

According to James Lynch, chief actuary and director of research and information services for the nonprofit Insurance Information Institute, it's important to consider the actual cost of home insurance when examining the result of filing a single claim.

Not exact matches

Secure Solution long - term care insurance provides tons of options, including a reimbursement benefit for actual LTC costs and a cash indemnity benefit which pays you a percentage of the policy's home health care benefit each month, after the elimination period has passed.

The actual cash value in a homeowners insurance policy is based on the market value or the initial cost of your home and personal property with depreciation considered.

When you are evaluating mobile home insurance costs for various policies, you may find that you have a choice of actual cash value coverage or replacement cost coverage in the event of a loss.

Many people these days are driven by finances to opt for home insurance that's woefully insufficient to cover the actual cost of damages.

The principle difference lies in the fact that if your coverage is for replacement value, the insurance company reimburses the replacement cost of your home, whereas in case your coverage is for cash value, the company will pay only the actual market value of your home.

That way, you can factor the costs of insurance into the actual costs of owning your own home.

To determine what deductibles are best for you (and what discounts you may qualify for), it's a good idea to talk to an independent insurance agent who can help you compare policies from a variety of insurance companies, find the right limits of coverage for the value of your home, choose whether to choose replacement cost or actual cash value and other decisions specific to your home and your financial situation.

When your home and the content is insured, a home insurance policy will provide you the value after depreciation and the replacement cost (which is the actual price) of the valuables.

Most standard homeowners insurance policies cover the replacement cost of your home's physical structure and the actual cash value of the insured's personal property.

Endorsements are available to add by - law coverage to your policy, and some home more comprehensive high - end insurance policies will include by - law coverage, but if yours does not, this could be a major problem in the interpretation of what the actual cost of rebuilding will be, vs. the coverage in your replacement cost.

The actual cash value in a homeowners insurance policy is based on the market value or the initial cost of your home and personal property with depreciation considered.

Q. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

Because the purpose of insurance is to restore the insured asset (your home and property, in this case) to its original state, insurance companies use replacement cost rather than market value to determine the actual dollar value of coverage.

R. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

The actual cost of your insurance will be some percentage of your home's value less a deductible.

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.

If your possessions are damaged or destroyed, your home insurance policy gives you the option of buying replacement cost coverage or receiving the actual cash value for your possessions.

Secure Solution long - term care insurance provides tons of options, including a reimbursement benefit for actual LTC costs and a cash indemnity benefit which pays you a percentage of the policy's home health care benefit each month, after the elimination period has passed.

R. TRIP INTERRUPTION: Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aOF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative or the substantial destruction of the principal residence; aof the principal residence; and

In the home insurance industry replacement cost and actual cash value refer to the amount of money your provider will pay out if your home or its contents are damaged or destroyed.

The best home insurance policy will pay for replacement cost instead of actual cost.

There are several variables that will determine the actual cost of your insurance for your home or automobile.

When you contact them to request a quote, insurance companies take a number of factors into consideration to determine your actual Norwood home insurance costs.

When you purchase your personal property or home insurance, you can have replacement cost as a basis of claims settlement, or actual cash value.

Loss replacement on the property in your Athens, GA, home, condominium, or loft, is calculated by insurance companies in one of two ways: actual cost value (ACV) and replacement cost value (RCV).

Home insurance claims may be paid in one of two ways, actual cash value or full replacement cost.

Compare the cost of actual cash value coverage vs. replacement cost value insurance for your home and other structures on your property

Your actual home insurance costs will be higher or lower than the state average, of course.

Insurance companies take a number of factors into consideration when they calculate your actual Frankfort home insuranInsurance companies take a number of factors into consideration when they calculate your actual Frankfort home insuranceinsurance costs.

Actual cash value insurance on your home is a depreciated amount, as well as being dependent on the cost of materials.

Aside from the actual price of the home, also evaluate other associated costs such as taxes, home insurance, loan repayments, maintenance charges, utility bills etc..