Sentences with phrase «event of a total loss»
The term "total loss" refers to an event in which there is no hope or possibility of recovering something that has been lost, destroyed or damaged beyond repair. Full definition
Wisconsin renters insurance policies cover you based on what you actually own so you can maximize compensation in the unfortunate event of a total loss to fire or other catastrophe.
rentersinsurance.net
Covers up to $ 50,000 in the event of a total loss of your vehicle.
In the event of a total loss, Guaranteed Auto Protection can waive or cancel the remaining balance of your vehicle loan after the payment from your insurance company.
There are Vehicle Service Agreements available for purchase at any participating Lexus dealership, to cover nearly every component group in your Lexus after the factory warranty expires, and Guaranteed Auto Protection (GAP) that can help ease the financial burden of a deficiency balance on your finance contract in the event of a total loss of your Lexus due to theft, fire or accident.
Your lease or loan requires it: Gap insurance can be required by your leasing or financing company to protect you in the event of a total loss.
Ideally, your landlord insurance will cover the replacement costs for your entire rental property in the event of a total loss.
«Your personal possessions will cost tens of thousands of dollars to replace in the event of a total loss, yet the annual premium for a renters insurance policy is usually no more than $ 200.»
Gap insurance is designed for drivers who finance or lease their vehicles, and it covers the difference between what drivers owe and what their cars are worth in the event of a total loss.
The replacement cost is what it would cost to rebuild the structure from the ground up on a cleared lot in the event of a total loss.
In the event of a total loss, find out exactly how they calculate the loss?
This way, you will have all of your paperwork handy in the event of a total loss.
Preparing for a loss Find out exactly how much cash you would receive for your home and possession in the event of a total loss.
In the event of a total loss or theft, Tower's GAP Advantage with PowerBuy can pay up to the remaining balance of your vehicle loan after your insurance payout AND provide you with additional funds to finance your next vehicle with Tower.
Market value settlement — In the event of a total loss or theft, we pay the market value (actual cash value), which includes a deduction for depreciation.
Some sum insured policies also offer an «extended cover» policy that provides up to 30 % on top of the sum insured in the event of a total loss - this is a good way to reduce the risk of underinsurance.
Some sum - insured policies offer an «extended cover» policy that provides up to 30 % on top of the sum insured in the event of a total loss - this is a good way to reduce the risk of underinsurance.
In the event of the total loss of your vehicle through collision or theft, GAP Insurance covers the difference between the cash value of the vehicle and your outstanding loan balance.
Simply put, Guaranteed Asset Protection (GAP) covers the difference between what you owe on your vehicle and what your insurance pays in the event of a total loss.
In the event of a total loss of your vehicle, GAP waives the difference between your primary carrier's insurance settlement and the payoff of your loan up to the covered amount, less delinquent payments, late charges, refundable service warranty contracts, and other insurance - related charges.
Agreed value safeguards your car against depreciation in the event of a total loss.
This will always be printed in your policy documents, and in the event of a total loss, we'll pay this amount.
In the event of a total loss claim, you'll need to establish your car's value for a final settlement.
In the event of a total loss, replacing your house would cost a little less than $ 249,000, on average; that's much less than the national mean.
If you would want to rebuild your home just as it is in the event of a total loss, skip the market value option and stick with replacement cost.
With Guaranteed Replacement Cost Coverage, you'll get your home back in the event of a total loss, even if the cost of repairs is more than the original value of your home.
The average Alabama home is newer, smaller, and cheaper to replace in the event of a total loss.
«This goes into what's it going to cost to repair, or, in the event of a total loss, to replace the vehicle,» Barry explains.
Purchasing enough Homeowners Insurance provides sufficient coverage necessary in the event of a total loss of your house and its contents due to disasters.
Increased deductibles can powerfully affect Topeka renters insurance rates, but they must be approached with caution: you must realize that a certain amount of available cash flow is necessary to come up with a larger deductible in the event of a total loss, so bear this in mind when putting your policy details into place.
Purchasing enough Homeowners Insurance is essential since in the event of a total loss you want to receive an adequate coverage to rebuild your house and replace its contents and protect yourself in case someone gets injured on your property and sues you.
New Car option allows customers to have a new car replaced with the same make and model in the event of a total loss.
Your insurer should be informed of any major renovations to ensure you have adequate coverage, because, in the event of a total loss (like fire) you'll only be covered for the replacement value they have listed on your policy.
Includes all the above PLUS Resident Health Care Coverage, and in the event of a total loss of your building or property, the insured has the option to receive a cash settlement basis instead of replacement.
That's because most classic, antique and specialty vehicle policies provide guaranteed replacement costs in the event of a total loss.
This coverage is good protection against steep RV depreciation in the event of total loss.
It works in such a way that in the event of a total loss or unrecovered theft of your property, it will cover the difference (or gap) between the actual cash value of your property and the balance owed on your loan.
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.
Reimbursement of charges towards road tax and registration charges in the event of total loss of any nature.
The limits don't apply in the event of a total loss, such as if the apartment burns down, Whittle says.
This will always be printed in your policy documents, and in the event of a total loss, we'll pay this amount.
Protect it now the right way with Grundy Agreed Value Insurance which gives you 100 % of the value of your car in the event of a total loss.
Ideally, your landlord insurance will cover the replacement costs for your entire rental property in the event of a total loss.
The ACV of a vehicle is the most your insurer will pay in the event of a total loss.
Gap insurance is designed for drivers who finance or lease their vehicles, and it covers the difference between what drivers owe and what their cars are worth in the event of a total loss.
Replacement cost coverage applies to bikes two model years and newer, and provides another bike of same kind and quality in the event of a total loss.
While not always legally required, renters policy are usually under $ 200 a year and can protect you and your belongings in the event of a total loss.
Owing on a loan a larger amount than the vehicle is worth may leave you in debt to the loaning institution in the event of the total loss.