Sentences with phrase «case of actual cash value»

In case of actual cash value policy, though, the coverage is less than the agreed value policy, the policy is usually available at a low price.

Not exact matches

In this case, the vast majority of homeowners and renters insurance policy forms, by default, will provide claim settlement only at the actual cash value of the personal property.

In the case of a juicer, you can ask to add a replacement cost value rider to an actual cash value policy to get reimbursed for the cost of a new juicer if it's damaged.

If you wanted to protect your car in case of flood, you would need coverage called «Other than Collision» which covers the actual cash value at the time of loss.

Auto Rental Collision Damage Waiver — Rent a vehicle for business purposes with your card and decline the company's collision insurance for coverage up to the actual cash value in case of theft or collision damage.

Auto Rental Collision Damage Waiver — Rent a vehicle for business purposes with your card and decline the company's collision insurance for coverage up to the actual cash value in case of theft or collision damage.

Car rental insurance: If you rent your car by paying with your Sapphire Preferred, Chase will reimburse the vehicle up to the actual cash value in the case of theft or collision (for most rentals in the U.S. as well as abroad).

If you rent your car by paying with your Sapphire Preferred, Chase will reimburse the vehicle up to the actual cash value in the case of theft or collision (for most rentals in the U.S. as well as abroad).

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.

In this case, the vast majority of homeowners and renters insurance policy forms, by default, will provide claim settlement only at the actual cash value of the personal property.

In this case, Allstate will pay up to the actual cash value of your car minus your deductible.

Actual Cash Value - repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciValue - repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus deprecivalue for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation

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.

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.

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

In the event of a total loss or unrecovered theft, GAP will, in most cases, pay the difference between the actual cash value and the scheduled balance owed to the lender.

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.

In the case of an automobile that is totaled in an accident, for example, the insurance company would typically pay the actual cash value of the vehicle after determining its replacement cost and subtracting factors such as depreciation and wear and tear.

If you wanted to protect your car in case of flood, you would need coverage called «Other than Collision» which covers the actual cash value at the time of loss.

While replacement cost insurance costs more than actual cash value, you'll get more coverage in case of an accident.

Insurance policies with replacement cost coverage may have higher premium quotes than those with actual cash value features, but you may find the few extra dollars per month provides better coverage in case of fire.

Your vehicle will either be repaired or the actual cash value of your vehicle will be paid out in the case of a total loss.

In these cases, there is something called actual cash value that will be used instead of a replacement value.

It's also important to point out that while some courts have interpreted actual cash value to be equal to fair market value (i.e. the amount of money you could get for a vehicle if there were no time constraint based upon the sale), in most cases insurance companies look at it as something closer to the amount of money you could get for a car or truck if you sold it today.

Actual cash value is very limited in what it will pay to replace, and in most cases you will end up spending a great deal out - of - pocket regardless of how much insurance you purchased.

This means your monthly payment will be higher than if you get actual cash value, but it will provide you with the money to replace all of your belongings in case an accident occurs.

Determine whether or not a fee is incurred if a specific policy is cashed in or surrendered and the ACTUAL cash value of such, especially in the case of a life insurance policy as that would be «marital property» certain to be divided via the actual divorce prACTUAL cash value of such, especially in the case of a life insurance policy as that would be «marital property» certain to be divided via the actual divorce practual divorce process.