Sentences with phrase «amount of the actual cash value»

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.

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.

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

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).

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.

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.

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.

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

Gap Insurance is a type of Auto Insurance policy that offers coverage for the difference (gap) between a car's actual cash value that your insurance company pays when your car is totaled or stolen and the amount the insured person owes the finance company.

A replacement - cost policy generally will cover the cost of a new bike that is of the same quality as the original, whereas actual cash value insurance can help cover the amount that the bicycle was worth at the time it was stolen.

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.

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

Gap insurance makes up the difference between the actual cash value of the automobile, and the amount still owed to the finance company.

The definition of «actual cash value» is the amount of money it would take to replace your entire home with a home of the same quality, made out of the same materials, less depreciation — whereas replacement cost doesn't account for depreciation and is seen as the far better deal for the homeowner.

The first type is called «actual cash value,» which means you will receive an amount that equals the value of your house and belongings, minus depreciation.

Covers the difference, in most cases, between the scheduled loan pay - off amount and the asset's actual cash value net of refunds

The insurer reserves its right to repair reinstate or replace the motor vehicle or any part thereof and / or its accessories or may pay in cash the amount of the loss or damage and the liability of the Company shall not exceed the actual value of the parts damaged plus the reasonable cost of fitting and shall in no case exceed the insured's estimate of the value of the motor vehicle.

Outside of coverage amount, the big choice when it comes to renters insurance involves opting for either an actual cash value policy or replacement cost value policy for your personal items.

Guaranteed Asset Protection (GAP): Guaranteed Asset Protection coverage pays the difference between the actual cash value of the car and the amount of the loan.

Your Comprehensive insurance would then pay the rest of the cost to replace your vehicle, up to the lower of the actual cash value (ACV) of the vehicle or the Stated Amount that you submitted.

This means you'll get the amount of money you need to replace the property that suffered the loss, instead of the actual cash value.

Actual Cash Value (ACV), also referred to as market value, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quaValue (ACV), also referred to as market value, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quavalue, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quality.

This usually amounts to half of the replacement value, if the bike is newer, then it may not have depreciated as much, so you may get more, but you will never get 100 % of the value of the cost of a new bike in an Actual Cash Value situavalue, if the bike is newer, then it may not have depreciated as much, so you may get more, but you will never get 100 % of the value of the cost of a new bike in an Actual Cash Value situavalue of the cost of a new bike in an Actual Cash Value situaValue situation.

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.

Actual cash value will only provide a depreciated amount of compensation on your home and belongings if you need to file a fire insurance claim.

When you make an insurance claim, Progressive looks at your stated amount and the actual cash value (ACV) of your vehicle and pays whichever is less.