Sentences with phrase «deductible for any lost items»

However, you do have the option for personal contents coverage on your boat insurance policy, which would help you avoid paying a high deductible for any lost items.

Not exact matches

«Actual cash value» (ACV) pays only for what the items were worth at the time they were damaged or stolen, minus the deductible, while «replacement cost coverage» pays what it actually costs to replace the belongings you lost, minus the deductible.

ACV is obviously cheaper because it only provides payment for the depreciated value for losses less deductible, while full replacement pays out for what it would cost today to replace the lost or destroyed item new.