Sentences with phrase «depreciated actual cash value of your property»

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.

Not exact matches

You may insure those items for Replacement Cost or for Actual Cash Value, which pays only for the depreciated value of the propValue, which pays only for the depreciated value of the propvalue of the property.

Actual cash value is bad because it only gives you the depreciated value of your property.

Second, the actual cash value of the property you own is depreciated to nearly zero, regardless of what you paid for it.

This is as opposed to actual cash value, which only pays the depreciated value of your property.

The actual cash value of personal property is the depreciated cost based on how long you've owned it and what condition it's in.

When «actual cash value» is used, the policy owner is entitled to the depreciated value of the damaged property.

The actual cash value of personal property is the depreciated cost based on how long you've owned it and what condition it's in.

Actual cash value is the depreciated value of property, while replacement value is the money that you paid for your property.

That's why replacement cost coverage is so important, because you want the loss to be settled at the cost to buy new property of like kind and quality, not at the actual cash value (depreciated) of the property.

The difference is that the actual cash value of your property depreciates over time, resulting in a claim settlement below the actual cost to replace the stolen item.

A specific form of renters insurance personal property protection that insures for actual replacement cost rather than based on any calculation of depreciated actual cash value or market value.

Second, the actual cash value of the property you own is depreciated to nearly zero, regardless of what you paid for it.

Cash value coverage will only pay out the depreciated value of your property, which is typically a percentage of the actual cost to replace lost items.

Replacement cost or actual cash value.This is an important topic to discuss since the depreciated (cash) value of a property varies considerably from replacement value.