Sentences with phrase «less than the actual cash value»

Depending on the age of the policy, the cash surrender value could be less than the actual cash value.

Not exact matches

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

As manufactured homes generally depreciate over time, the actual cash value will typically be less than the replacement cost.

Also worth noting: Most renters policies, especially actual cash value policies, are cheap, averaging less than $ 20 a month.

For example, if a damages your TV, a policy with actual cash value coverage would reimburse you for its depreciated value, which may be less than it will cost to purchase a new one.

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

For example, a common arrangement is for the employee to pay the cost of term insurance relative to the policy and if the policy is permanent life insurance, such as a cash value life insurance policy OR indexed universal life, the cost of term may be substantially less than the actual cost paid by the employer.

While you're reviewing your possessions, think about whether you want to insure them for actual cash value (where the policy would pay less money for older items than you paid for them new) or for replacement cost (which would cover to replace the items).

So, if you have to cut your vacation short by a few days or accept an extra change of planes in order to reach your destination, you are getting less actual value from your reward ticket than the value of a restriction - free, full cash ticket.

The insured claimed in each case that the insurer's letter and attached «STANDARD REPORT,» when read together, gave rise to a legal obligation to determine the «actual cash value» of the property on the basis of a replacement cost less ten percent depreciation, an amount more than that determined due by the insurer and later by a referee.

If the home is insured for less than $ 160,000 the carrier pays actual cash value.

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

As manufactured homes generally depreciate over time, the actual cash value will typically be less than the replacement cost.

Gap coverage kicks in if the insurer declares your car a total loss, and the payout from the insurance company for the vehicle's actual cash value is less than the amount you owe on the car loan.

Actual cash value of property is usually less than the replacement cost since depreciation decreases it.

The actual cash value policy will typically pay less than what you will get from a replacement cost policy.

For example, if a damages your TV, a policy with actual cash value coverage would reimburse you for its depreciated value, which may be less than it will cost to purchase a new one.

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.

If you had an actual cash value policy, the company would pay only a part of the cost of a new washing machine because a machine that has been used for eight years is worth less than its original cost.

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

While the actual cash value of your living room furniture is going to hundreds or thousand less than your paid for it, due to use and depreciation, the replacement cost may be higher.

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

If you have an actual cash value policy, it will pay only a small percentage of the cost of a new TV set because the old TV has been used for 10 years and is now worth a lot less than its original cost.

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.

The Insurance Information Institute (III) notes that new vehicles can depreciate in value as much as 20 percent within their first year, and standard auto policies typically cover the actual cash value, which will likely be less than the purchase price.

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

The actual cash value of your two year old couch is $ 100 or even far less than that!

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.

With actual cash value, most of your belongings will be worth less than what you paid for them but, because of this, you will receive a cheap premium on your renters insurance.

On the plus side, this type of Cold Spring Park renters insurance will cost a bit less than another type of coverage on a rental unit, whether it's an apartment or a house, so if you're having trouble fitting this type of policy into your budget, look at actual cash value options.

In case of actual cash value policy, though, the coverage is less than the agreed value policy, the policy is usually available at a low price.

less than the total actual cash value of all items lost.

If you have an actual cash value policy, it will pay only a small percentage of the cost of a new TV set because the old TV has been used for 10 years and is worth a lot less than its original cost.