Sentences with phrase «lower of the actual cash value»

Your Comprehensive insurance would then pay the rest of the cost to replace your vehicle, up to the lower of the actual cash value (ACV) of the vehicle or the Stated Amount that you submitted.

Not exact matches

Shipments containing cash or other means of payment, precious metals, art work, jewelry, watches, precious stones or other articles of value or securities for which, in the event of damage, no stoppage and no cancellation and replacement procedure can be carried out; for the avoidance of doubt the following valuable goods are exempted from this rule: Shipments using the Registered Mail special service, which contain stamps, telephone cards, vouchers for goods and low - value goods in these classes (e.g. fashion jewelry and promotional articles), up to an actual value of 30 Special Drawing Rights of the International Monetary Fund (SDR) per shipment, and individual tickets and entrance tickets;

We believe that everyone should have replacement cost coverage, because the actual cash value of your property is generally much lower than you'd expect it to be.

An actual cash value policy, on the other hand, takes depreciation of the property into account, so your payout will be lower for the same damages.

Speaking of taking on more risk, you'll pay a lower premium if you opt for actual cash value renters insurance in lieu of replacement cost renters insurance.

Actual cash value, on the other hand, accounts for depreciation and is considered a lower level of insurance.

A lower - cost option for pontoon owners that provides settlement on an Actual Cash Value basis (the value of your pontoon, less any depreciation over tValue basis (the value of your pontoon, less any depreciation over tvalue of your pontoon, less any depreciation over time).

Additionally, you may elect to purchase the policy so that a level death benefit is purchased and the cash value accumulates «on top of» or in addition to the death benefit or you may choose to purchase a level death benefit in which the cash value acts as a reserve against the death benefit (thus lowering the actual cost you pay for the death benefit over time).

Because whole life premiums in the early years are higher than the actual cost of insurance, the build - up of the cash value in the policy reduces the risk to the insurance company, allowing for lower premiums in later years than would be paid in a term life policy.

If you are looking to save money on your West Des Moines renters insurance, you have the option of purchasing actual cash value coverage that will pay the current value of your losses, or you can set a lower limit on your policy payout.

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.

And if your policy is written for actual cash value as opposed to full replacement cost, the ratio becomes even lower compared to the payout value of the property.