Not exact matches
Actual cash value coverage will pay the
value of the manufactured
home at the time of the loss, which includes depreciation.
Replacement costs — A standard policy covers your
home and belongings for their
actual cash value at the time of the loss.
Rebuilding your personal contents, or even worse, your
home on an
actual cash value or depreciated basis leaves you
at a loss compared to replacement cost settlements.
Is your
home insured
at actual cash value or replacement cost?
An
actual cash value policy replaces your the belongings in your Mansfield
home at their original
value minus a deduction for depreciation.
Actual cash value provides coverage for your
home at the cost to repair / replace the damaged property, including the depreciation
value.
There are two coverage plans available: Replacement Cost Settlement, which pays to repair or replace your
home without depreciation, and
Actual Cash Settlement, which pays to repair or replace your
home for what it's worth
at current market
value.
When you buy or sell a
home through Military on the Move ®, you'll receive a
cash rebate * based on the
actual sales price — not a fixed amount based on a range of
values — and you'll receive your rebate
at settlement!