Sentences with phrase «home on a replacement cost basis»

Not exact matches

Percentage - based deductibles are based on a percentage of the estimated replacement cost of the covered home.

It is based on a percentage of the estimated replacement cost of a home.

The premium will be priced based on the same factors as any other home - the replacement cost value, the deductible you choose and other applicable risks - but it will be higher than if the same home were your primary residence.

Your dwelling coverage is calculated based on the replacement cost of your home.

Differences between home insurance quotes are largely based on where you live, the replacement cost of your home and personal belongings stored in it, etc..

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.

Homeowner insurance should be based on replacement cost (e.g., cost to rebuild the home).

Many agents have access to software that calculates personal property replacement cost based on national averages that take into consideration the rooms in your home or apartment, but do not consider things like expensive jewelry, furs, firearms, or artwork.

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.

The premium will be priced based on the same factors as any other home - the replacement cost value, the deductible you choose and other applicable risks - but it will be higher than if the same home were your primary residence.

Insurance companies rate your home based on factors such as replacement costs, the city and / or county where you live, your claims history, your credit history, construction materials and local fire protection.

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.

Differences between home insurance quotes are largely based on where you live, the replacement cost of your home and personal belongings stored in it, etc..

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.

Major factors in price estimation include location, coverage, and the amount of insurance, which is based on the estimated cost to rebuild the home («replacement cost»).

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.

This may be because home insurance policies are often believed to provide coverage based on a home's market value, as opposed to its replacement cost.

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.

Percentage - based deductibles are based on a percentage of the estimated replacement cost of the covered home.

It is based on a percentage of the estimated replacement cost of a home.

Replacement Cost of rebuilding your home is based on the insured value of the home.

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 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).

A lender requires you to insure your home based on its replacement cost, or the cost to rebuild it.

Today I would propose that the amount of insurance available to a stay at home mother should be based either on the amount of income she could be making, or the replacement cost of her stay at home services.

The most recent report, based on the top 16 home improvements for a mid-range home, says the highest remodeling paybacks have come from vinyl siding replacement (with 87.2 % of the cost recouped), wood window replacement (85.3 %), minor kitchen remodeling (85.2 %), bathroom remodeling (84.9 %), and vinyl window replacement (83.7 %).