Sentences with phrase «more than an actual cash value»
An automobile, according to Maine's Bureau of Insurance, is often considered a total loss if the cost to repair the vehicle is 75 percent or more than the actual cash value of the vehicle.
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Replacement cost coverage for your mobile home tends to cost more than actual cash value coverage does because the insurance company commits to paying out more for losses.
Because replacement cost value policies tend to pay out more (since they aren't based on depreciated value), they also tend to cost more than actual cash value policies.
we will not pay more than the actual cash value at...
Remember, generally, you will not be paid more than the actual cash value of your car (i.e., what the car is worth) at the time of an accident, which takes depreciation into account.
Replacement cost is a better option: It reimburses you for the original value of the item (or one of similar kind and quality at today's replacement cost if the item is no longer available) and costs only slightly more than actual cash value.
Replacement cost coverage for your mobile home tends to cost more than actual cash value coverage does because the insurance company commits to paying out more for losses.
Many times you can find an affordable replacement cost policy that does not cost much more than an actual cash value plan.
Because replacement cost value policies tend to pay out more (since they aren't based on depreciated value), they also tend to cost more than actual cash value policies.
While replacement cost insurance costs more than actual cash value, you'll get more coverage in case of an accident.
Replacement Cost Insurance normally costs about 25 % more than the Actual Cash Value policy but if you can afford it, it's worth the larger payment.
The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage but can be well worth the extra cost.
Replacement cost value policies generally cost more than actual cash value policies.
Building Structure Reimbursement typically means your dwelling is covered for more than the actual cash value — up to your policy limits — if you repair or replace the damaged property within the required time period.
Full replacement value (also called guaranteed replacement) renters insurance property coverage costs more than actual cash value protection, but the protection it provides is far superior.
Replacement cost is the value of a comparable model, and it normally pays more than actual cash value.
Replacement cost insurance generally costs a little more than actual cash value, but it will never be as expensive as the cost of paying the difference between cash value and the actual cost out of pocket.
Not exact matches
In the event the stated approximate retail value (s) of a prize is more than the actual fair market value of that prize, the difference will not be awarded in cash or otherwise.
If your television is five years old, it'll cost a lot more to replace it than what it's actual cash value.
More than likely, the actual cash value of your couch wouldn't even buy you a futon.
The actual cash value of your couch is a few dollars, more than likely.
Some providers will try to sell actual cash value policies and then expect you to pay more than the original quote if you want replacement cost.
Delta tends to tie award prices more closely to the actual cash airfare than American or United, making getting outsized value harder.
Replacement cost coverage is more expensive than actual cash value because your policy will pay to restore your property to new should it be damaged, while actual cash value accounts for depreciation.
The actual cash value of that secondhand couch might be five dollars, but after suffering a loss it's going to cost you far more than that to replace it new.
Because replacement cost policies pay out higher amounts than actual cash value policies, they typically cost more in terms of premiums.
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.
I think you should carry more insurance coverage than your used to because I've seen the look on a person's face when they learn difference between Replacement Cost and Actual Cash Value the hard way.
The things you've acquired over the years have value, and it's not their actual cash value — it would cost you far more than that to replace them after a fire.
Replacement cost insurance may cost more than actual cash - value coverage in Massachusetts, but you will be better compensated after a loss.
Premium Price Differences Needless to say, the insurance companies aren't stupid — by offering you a policy that guarantees they'll pay you for the full value of what it takes to replace your car or home, they know they're putting themselves in a position to pay out substantially more than they would by offering actual cash value.
Because replacement cost policies pay out higher amounts than actual cash value policies, they typically cost more in terms of premiums.
The actual cash value of your couch is a few dollars, more than likely.
If your television is five years old, it'll cost a lot more to replace it than what it's actual cash value.
Replacement cost coverage is more expensive than actual cash value, but you'll be glad you have it when it comes time to make a claim.
Also, many business experts agree that insuring for replacement cost is better than insuring for actual cash value, even though it could be a bit more expensive.
If you paid top dollar for a flat screen LED TV when they were first coming on the market more than five years ago, you may be shocked to learn what its actual cash value may be as determined by an insurance company.
Anytime you have a total loss situation, more likely than not, your vehicle compensation will be awarded based on the Actual Cash Value of your vehicle.
Replacement value pays the cost of replacing the items or property and is about 15 % more expensive than actual cash value coverage.
This is more expensive than actual cash value coverage, but if your entire home is lost in a fire, you'll receive enough compensation to rebuild a similar model.
Often, the repairs are estimated to cost more than what the vehicle is worth — vehicle worth being the actual cash value determined by its year, make, model and major options, as well as mileage and overall condition.
Replacement Cost settlements and the basis of claims payment are far more reasonable than the actual cash value settlement.
The replacement cost option likely is more expensive than the actual - cash - value option, but it offers extra protection.
Some providers will try to sell actual cash value policies and then expect you to pay more than the original quote if you want replacement cost.
Your options include everything from uninsured motorist property damage coverage to gap insurance — this option is particularly notable, as it pays up to 25 percent more than your car's actual cash value to your lender if your car is ever declared a total loss.
Replacement cost coverage is more expensive than actual cash value coverage, but you'll be glad you paid the extra price if you suffer a major loss in a catastrophe.
Full replacement cost coverage is definitely more expensive than actual cash value coverage.
A policy that covers replacement cost — rebuilding your home with new materials of similar quality — will be more expensive than one that pays actual cash value, which considers the wear and tear of your home as it currently sits.
Replacement cost polices tend to be more expensive than actual cash value but offer the peace of mind that your possessions will be replaced.
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.