Sentences with phrase «expensive than actual cash value»

This coverage will be more expensive than actual cash value coverage, though.

[3] This kind of policy is more expensive than an Actual Cash Value policy, where the policyholder will not be compensated for the depreciation of an item that was destroyed.

The disadvantage to replacement cost renters insurance is that it is typically going to be a bit more expensive than actual cash value coverage.

This will be more expensive than actual cash value, but if a tenant catches the entire house on fire and you end up paying to rebuild, replacement value coverage will ensure that you have sufficient funds.

Although replacement cost coverage is more expensive than actual cash value coverage, it might better ensure that your business fully recovers after a significant loss.

Replacement cost polices tend to be more expensive than actual cash value but offer the peace of mind that your possessions will be replaced.

Full replacement cost coverage is definitely more expensive than actual cash value coverage.

Replacement cost coverage is more expensive than actual cash value coverage, but you'll be glad you paid the extra price if you suffer a major loss in a catastrophe.

This is more expensive than actual cash value coverage, but if your entire home is lost in a fire, you'll receive enough compensation to rebuild a similar model.

Replacement value pays the cost of replacing the items or property and is about 15 % more expensive than actual cash value coverage.

Replacement cost coverage is more expensive than actual cash value, but you'll be glad you have it when it comes time to make a claim.

Replacement cost coverage is more expensive than actual cash value because your policy will pay to restore your property to new should it be damaged, while actual cash value accounts for depreciation.

Not exact matches

Also, many business experts agree that insuring for replacement cost is better than insuring for actual cash value, even though it could be a bit more expensive.

This is why a Named Perils, Actual Cash Value policy will be less expensive than a policy that covers you for all risks on a replacement value bValue policy will be less expensive than a policy that covers you for all risks on a replacement value bvalue basis.

The replacement cost option likely is more expensive than the actual - cash - value option, but it offers extra protection.

A policy that covers replacement cost — rebuilding your home with new materials of similar quality — will be more expensive than one that pays actual cash value, which considers the wear and tear of your home as it currently sits.

If you want to save on premiums, you can get actual cash value for your contents which is less expensive than replacement value.

The bottom line is that actual cash value coverage is less expensive than replacement cost coverage, however, rental insurance is so affordable, even purchasing the more expensive coverage is going to prove to be very reasonable in price.

Actual cash value coverage in a renters insurance plan is less expensive than full replacement coverage because of the way it calculates the payout on losses.

So while a replacement cost Westland renters insurance policy is going to give you larger payouts, it will also typically be a bit more expensive than the other option, actual cash value coverage.

Actual cash value in renters insurance property coverage is less expensive than full replacement cost because the payout on a claim is lower.

Renters insurance based on actual cash value is usually less expensive than when it is based on replacement value, though, so you should consider your personal priorities for your St Paul renters insurance before you buy.

Replacement cost insurance generally costs a little more than actual cash value, but it will never be as expensive as the cost of paying the difference between cash value and the actual cost out of pocket.