Sentences with phrase «not at actual cash value»

It's important to remember that you're insuring at replacement cost, not at actual cash value.

That's why replacement cost coverage is so important, because you want the loss to be settled at the cost to buy new property of like kind and quality, not at the actual cash value (depreciated) of the property.

That means that your ancient couch, gifted to you years ago by your parents when they bought a new one, would be claimed at the cost to buy something equivalent today, not at the actual cash value of the couch.

That means that your ancient couch, gifted to you years ago by your parents when they bought a new one, would be claimed at the cost to buy something equivalent today, not at the actual cash value of the couch.

It's important to remember that you're insuring at replacement cost, not at actual cash value.

Not exact matches

In simple terms, that means that your property losses are paid out at the amount of money you need to go buy a replacement item, not the actual cash value.

Older policies, and some policies today, are at actual cash value, but you don't want to replace your damaged property based on the depreciated value — you want new property because you bought it new.

You always want that coverage to be at replacement cost, so you can replace the property — actual cash value is the depreciated amount and that's definitely not what you want.

Remember that you're inventorying the replacement cost, or retail value, of all of your things, not the actual cash value — you want a claim to be paid at replacement cost, right?

Given your father gave you the juicer and his father gave it to him, that means you won't get very much at all under an actual cash value policy, also known as depreciated loss coverage.

The property is replaced at the cost to purchase an item of like kind and quality at retail, so you don't need to worry about the actual cash value of it.

If you are not as concerned about your contents, and only expect the cash value for them at the time of a loss (depreciated value), then you should choose actual cash value coverage and save a little money on your insurance premium.

People who think they don't have anything worth protecting are often looking at their belongings from an actual cash value standpoint.

Although TrueBlue points do not have a specific value, the number of points it takes to book a flight is directly tied to the actual cash fare for the flight at that time.

Or if you're redeeming for a premium cabin award, you'd never pay such an exorbitant amount of actual money, so it's not fair to calculate the redemption at full cash value.

we will not pay more than the actual cash value at...

Keep in mind that comprehensive and collision coverage is based on an actual cash value (ACV) basis, which means you can't buy «more» coverage for your vehicle since the payout is determined by the value of it at the time of an accident minus depreciation.

-LSB-...] silly enough to purchase a property policy with a loss valuation at Actual Cash Value and not Replacement Cost you are legitimately wasting your money.

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.

Buyers who hold actual cash value policies won't get very much money in the event of a loss because the adjuster will look at what it costs to replace the item and then subtract depreciation.

That's because an actual cash value renters policy pays out based on what damaged or destroyed items are worth at the time you file a claim, not what you originally paid for them.

Given your father gave you the juicer and his father gave it to him, that means you won't get very much at all under an actual cash value policy, also known as depreciated loss coverage.

For claimed items without original receipts, payment of loss will be calculated based upon 75 % of the Actual Cash Value at the time of loss, not to exceed $ 750 per item for sports equipment.

If the original receipt is not available, benefits will be calculated based upon 75 % of the Actual Cash Value at the time of loss.

You don't want actual cash value coverage, because then you're shopping for replacement property at the Goodwill over on Roosevelt Avenue, instead of at the Galleria.

Your reimbursement also depends on whether or not your contents coverage is at actual cash value or replacement cost.

People who think they don't have anything worth protecting are often looking at their belongings from an actual cash value standpoint.

Actual cash value coverage costs less, because it gives you what your property is worth at the time it's damaged, which may not be enough to replace or buy new parts.

Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it.

If the unit owner does not have the unit insured for at least 80 % the loss will be settled on an ACV Actual Cash Value basis.

Older policies, and some policies today, are at actual cash value, but you don't want to replace your damaged property based on the depreciated value — you want new property because you bought it new.

Most renters insurance policy plans in the Arena District area of OH will not provide actual cash value replacement for damaged property unless you have added an endorsement that specifically states an item will be replaced at actual cash value.

Even if the insurance you chose to purchase was only based on actual cash value and not on replacement cost coverage, you still would be much better off than you would with no coverage at all if you lost everything in a catastrophic claim.

If you have actual value cash replacement you won't be getting enough money to replace all of your belongings, because actual value means you are only paid what your valuables are worth at the time of an accident.

Even if they do, they may only pay actual cash value for the older roof if it's damaged, meaning they'll only pay for what the roof is worth at the time of the claim and not for the cost to fully replace it.

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!