For the sake of simplicity, we'll assume that all of the property cited in the following examples is insured
on a replacement cost basis at 100 % of its value (meaning no coinsurance applies).
Not exact matches
I had 10 % -
based on replacement value of 134000 (THEY calculate on Replacement cost not value)- 2 % is one Option I was told - NOW after talking with ALLSTATE — WAS NOT AWARE IT WAS AT that level NOT really happy with my agent right now - I have now lowered it to 4 % and will pay 400.00 mo
replacement value of 134000 (THEY calculate
on Replacement cost not value)- 2 % is one Option I was told - NOW after talking with ALLSTATE — WAS NOT AWARE IT WAS AT that level NOT really happy with my agent right now - I have now lowered it to 4 % and will pay 400.00 mo
Replacement cost not value)- 2 % is one Option I was told - NOW after talking with ALLSTATE — WAS NOT AWARE IT WAS
AT that level NOT really happy with my agent right now - I have now lowered it to 4 % and will pay 400.00 more per year
The unit
cost of electricity
based on Term Deposits
at 3.5 % foregone over a 25 year life, including one battery
replacement, works out
at 55c / kWh.
An insurance policy clause that sets the value of covered property
at the market rate rather than
basing the value
on actual
cost or
replacement cost.
The decision
on whether to
base your personal property coverage
on replacement cost or actual cash value is always made
at the time of application.
You are recommended to get familiar with the estimates
based on the scope and together with the insurer to arrive
at the
replacement agreement in accordance with which the insurance company will pay you depending
on how much it would
cost to reimburse the rebuilding expenses with «like - kind - and - quality» materials.
By contrast, guaranteed
replacement cost coverage pays out
based on what a new item would
cost to purchase
at the time of the loss.
At Armour Insurance we work with you to try and obtain insurance that will provide payment
based on the
replacement cost of damaged or stolen property.
A
replacement cost value policy reimburses you for your stuff
based on how much it will
cost to repair or replace the items
at today's prices.
The
replacement value reimbursement is
based on how much it would
cost to purchase the same product
at today's market value.
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.
Replacement cost coverage pays the actual
costs to replace damaged or lost items, and ACV pays
based on what the item was worth
at the time of the loss.
It is good because your policy should be
based on replacement costs, not
on the value of the FL property
at the time you purchased the online renters insurance protection.
A
replacement value reimbursement is
based on how much it would
cost you to buy the same item, or one of equal value,
at today's prices.
The
replacement cost versus ACV is a bit trickier — you might want to upgrade your coverage from ACV to
replacement cost as the ACV will cover you for the damaged item
based on its
cost at that time.
You can receive an actual cash reimbursement, which is
based on the value of your property, or a
replacement value reimbursement that is
based on how much it would
cost to buy the item
at today's market value.
A
replacement value reimbursement is
based on how much it would
cost to purchase the same or one of equal value
at today's prices.
Such coverage is often worth the extra
cost, he said, because standard coverage provides payments
based on the depreciated value of an item or improvement while
replacement cost coverage provides the amount needed to replace each covered item
at today's prices.
However, the insured value
at the time of the loss is usually required to be
at least 80 % of the
replacement cost before your policy is covered
on a
replacement cost basis.
A
replacement value reimbursement is going to be
based on how much it would
cost to replace the item
at today's
cost.
You could also choose a
replacement value reimbursement that is
based on how much it would
cost you to purchase the same item
at today's prices.
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.
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.
Another option would be
replacement value reimbursement, which means you will receive a payout
based on how much it would
cost to purchase the same item or one of equal value
at today's prices.
In other words, will the valuer - general's compensation be
based on the market value and / or the
replacement cost of the expropriated property; or will the so - called «public interest» outweigh and disregard the value of the expropriated property, including the surrounding market factors prevalent
at the time of expropriation?