Sentences with phrase «for on a replacement cost basis»

As for valuing the amount of loss, structural damage is usually paid for on a replacement cost basis.

Not exact matches

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The declaration means federal funding is available to the State and to tribal and eligible local governments and certain private nonprofit organizations on a cost - sharing basis for emergency work and the repair or replacement of facilities damaged by the flooding in the counties of Jefferson, Niagara, Orleans, Oswego, St. Lawrence, and Wayne.

With personal property coverage on a replacement cost basis, loss of use insurance to pay for your hotel, and liability coverage should you cause another person bodily injury or property damage, Effective Coverage has got you covered.

Some automakers may reimburse the cost of renting a replacement vehicle for those customers who find that the uncertainty around the delay is causing them stress, but this is on a case - by - case basis.

If you prefer to have claims resolved in a way that allows you to replace your contents on a new - for - old basis, then replacement cost should be your choice.

Replacement cost is a part of the standard Avalon Fort Greene renters insurance, so if the worst happens you'll only worry about which options to choose for your replacement property, not whether you can afford to replace something based on the actual Replacement cost is a part of the standard Avalon Fort Greene renters insurance, so if the worst happens you'll only worry about which options to choose for your replacement property, not whether you can afford to replace something based on the actual replacement property, not whether you can afford to replace something based on the actual cash value.

Commercial property insurance plans pay for losses based on the replacement cost of the item or its actual cash value.

The HO - 3 policy pays for structural damage on a replacement cost basis.

A cash value policy, which pays for your personal property on a depreciated basis, costs less than a replacement value policy that will provide enough money for you to replace your items.

Two types of protection available: Replacement Cost Settlement, which pays to repair or replace your home without deducting for depreciation, and Actual Cash Settlement, which pays you for the cash value of your property based on its current condition.

Buildings are covered for replacement cost, but coverage for personal property is available on an actual cash value basis only.

Just as with building coverage, you should determine the amount of coverage you need on a replacement - cost basis for your shop equipment, office furniture and inventory.

I'm saying a solution based on inexpensive modules and a routine process for detection and replacement may well be more cost - effective.

This stabilization was due to: 1) Social effects of globalization that reduced reproductive rates below replacement levels, 2) Several genetic engineering disasters between 2020 and 2035 that killed tens of millions of people, 3) A nuclear exchange in the MidEast in 2021 that lead to a mini - «nuclear winter,» cutting average temperatures by five degrees for a year, and 4) A punitive tax on non-renewable carbon - based energy quadrupled costs and led to more efficient use of energy resources.

It's like the «perfect annual contribution» for the condominium, based on normal life expectancies and replacement costs for the various reserve fund components, once any deficiencies have been addressed.

Older Home Policy, also known as HO - 8 or the Modified Coverage form, is designed for older homes and historic homes where historic aspects and some structural peculiarities of the building make its replacement cost considerably higher than the appraised value of the house estimated on the basis of the present day market value of the materials.

If you prefer to have claims resolved in a way that allows you to replace your contents on a new - for - old basis, then replacement cost should be your choice.

Another thing for you to consider is whether the policy is based on the replacement cost value or the actual cost value of your property.

This clause requires that policyholders insure their property or revenue stream (with respect to business interruption) to an appropriate value (shown as a percentage) and that the insurer receives a fair premium for the risk (whether on a replacement cost basis or an actual cash value basis — the latter being subject to depreciation).

A replacement cost value policy reimburses you for your stuff based on how much it will cost to repair or replace the items at today's prices.

Property insurance policyholders will usually prefer payment based on the replacement cost of damaged or stolen property because it compensates a policyholder for the actual cost of replacing property.

For many years, replacement cost was provided on a guaranteed basis — meaning that if the replacement cost exceeded the policy limits, the insurance company would still pay.

Many people want to base the replacement costs on the price they paid for their home (or their mortgage), instead of considering what a rebuild would actually cost.

With a typical homeowners policy, after a loss you would be reimbursed based on your items» depreciated value (its original value minus depreciation for time, wear, damage, etc.), but with Contents Replacement Cost coverage, the value of any damaged or destroyed item is based on the cost of a new one with similar featuCost coverage, the value of any damaged or destroyed item is based on the cost of a new one with similar featucost of a new one with similar features.

A cash value policy, which pays for your personal property on a depreciated basis, costs less than a replacement value policy that will provide enough money for you to replace your items.

While both types of coverage help with the costs of rebuilding your home or replacing damaged items after a covered loss, actual cash value policies are based on the items» depreciated value while replacement cost coverage does not account for depreciation.

Collision and comprehensive coverages pay you for vehicle repairs and replacement based on the cost of your vehicle, and if your vehicle is not worth more than you can afford to cover the coverage may need to be lowered.

Buildings are covered for replacement cost, but coverage for personal property is available on an actual cash value basis only.

Two types of protection available: Replacement Cost Settlement, which pays to repair or replace your home without deducting for depreciation, and Actual Cash Settlement, which pays you for the cash value of your property based on its current condition.

Commercial property insurance plans pay for losses based on the replacement cost of the item or its actual cash value.

For example, suppose that you own a building that you have insured on a replacement cost basis.

Replacement cost is a part of the standard Avalon Fort Greene renters insurance, so if the worst happens you'll only worry about which options to choose for your replacement property, not whether you can afford to replace something based on the actual Replacement cost is a part of the standard Avalon Fort Greene renters insurance, so if the worst happens you'll only worry about which options to choose for your replacement property, not whether you can afford to replace something based on the actual replacement property, not whether you can afford to replace something based on the actual cash value.

Rather than being on the hook for things like repair, replacement costs and even medical bills, you pay a car insurance premium to your insurance provider and they will help cover the costs based upon the coverage and limits you choose.

For the sake of simplicity, we'll assume that all of the property cited in the following examples is insured on a replacement cost basis at 100 % of its value (meaning no coinsurance applies).

Coverage is available on either an actual cash value basis (depreciated value) or for its replacement cost (no deduction for depreciation).

The insurance premium will be higher for replacement cost coverage, since the payout for the claim is based on the current cost of a new item.

When buying home insurance, you should insure your home based on its replacement cost, which is the amount you need to rebuild it if damaged or destroyed, and not its market value, which is what you could sell your home for in its current condition.

For a number of years, replacement cost was provided on a guaranteed basis — meaning that if the replacement costs exceeded the limits, the company would pay.

Commercial property insurance policies pay for losses based on either the replacement cost of an item (replacement cost coverage) or its actual cash value (actual cash value coverage), or even a combination of both.

The replacement cost versus ACV is a bit trickier — you might want to upgrade your coverage from ACV to replacement cost as the ACV will cover you for the damaged item based on its cost at that time.

Replacement cost insurance - Covers property — both building and contents — on the basis of full replacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insuraReplacement cost insurance - Covers property — both building and contents — on the basis of full replacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insurareplacement cost without deduction for depreciation on any loss sustained, subject to the terms of the co-insurance clause.

For example, if you've just purchased a derelict home that you intend on tearing down to rebuild, you will want to insure it on an actual cash value basis because there is no point in getting replacement cost (see our Q&A on How Should I Insure a Vacant Building to learn more).

Full replacement or guaranteed replacement coverage pays out for losses based on the present day replacement cost to buy a lost item new on the market today.

With personal property coverage on a replacement cost basis, loss of use insurance to pay for your hotel, and liability coverage should you cause another person bodily injury or property damage, Effective Coverage has got you covered.

A specific kind of renters insurance that insures for actual replacement cost rather than based on the calculation of the depreciated cash value or market value.

Premiums for this type of coverage are based on replacement cost values, and not based on actual cash value.

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.

The policy will reimburse the policyholder on either a replacement - cost basis or an actual cash value (ACV) basis for damages.

Most policies written today use Full Replacement Value coverage which will pay for full replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the itemReplacement Value coverage which will pay for full replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the itemreplacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involved.