Sentences with phrase «depreciated value of your personal property»
Without the endorsement, you would receive the depreciated value of your personal property — meaning that the compensation you'd receive from your insurance company would be less than what you paid for an item.
https://www.valuepenguin.com/ Not exact matches
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.
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.
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.
Answer 8: D. Replacement coverage in a personal property policy does not depreciate the value of items the way ACV coverage does.
You have tens of thousands of dollars of personal property — remember that we're talking about retail replacement cost, not depreciated value, even if you bought the item secondhand — and that's a rather large check for most people to write.
For personal items, homeowners can increase their coverage beyond the depreciated value of items such as televisions or furniture by purchasing a «replacement - cost endorsement» on personal property.