Sentences with phrase «on the replacement cost»

This will save you money on replacement costs if it breaks during the warranty period.

A longer warranty means that you have peace of mind and save money on replacement cost.

With personal property coverage on a replacement cost basis, loss of use insurance to pay for your hotel, and liability coverage should you cause another person bodily injury or property damage, Effective Coverage has got you covered.

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 more per year

We've pushed the envelope a little bit — Bruce Greenwald talks about doing an asset value based on replacement cost, and then an earnings power value and an earnings power value with growth.

Commercial property insurance plans pay for losses based on the replacement cost of the item or its actual cash value.

The HO - 3 policy pays for structural damage on a replacement cost basis.

Your dwelling coverage is calculated based on the replacement cost of your home.

It's based on the replacement cost of the dwelling, not the market price.

Under the section on replacement costs, there should be two values: land and building.

Homeowner insurance should be based on replacement cost (e.g., cost to rebuild the home).

While clearly undervalued based on the replacement cost of their assets, there didn't appear to be many value managers taking advantage of these opportunities.

The policy may have a cap on replacement costs and could also have a high deductible before it kicks in, so review your insurance policy carefully before taking to the water.

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.

Some policies provide roof coverage on a replacement cost basis.

Though, experts usually recommend insuring your property on a replacement cost basis because if you bought an item several years ago, its current value may be considerably less than the total cost of replacement.

Homeowners insurance policies through Elephant are based on Replacement Cost Coverage *.

Another thing for you to consider is whether the policy is based on the replacement cost value or the actual cost value of your property.

This clause requires that policyholders insure their property or revenue stream (with respect to business interruption) to an appropriate value (shown as a percentage) and that the insurer receives a fair premium for the risk (whether on a replacement cost basis or an actual cash value basis — the latter being subject to depreciation).

If burglars do hit your home and steal your bike, the home damage and the loss of the bike are both covered under your policy, although there are some limitations on the replacement costs associated with a bike.

Most building settlements are on Guaranteed Replacement cost and many policies settle contents on a Replacement Cost basis.

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.

The amount of homeowners insurance coverage you purchase depends on your replacement costs: the amount it would cost to replace your home if catastrophe hits.

Property insurance policyholders will usually prefer payment based on the replacement cost of damaged or stolen property because it compensates a policyholder for the actual cost of replacing property.

Covered losses under a homeowners policy can be paid on either an actual cash value basis or on a replacement cost basis.

The amount of coverage you have depends on the replacement cost of your home, which your insurance company will usually help you to determine.

When you submit a claim on a replacement cost policy, you will get the full value of any of your losses.

Depending on the replacement cost of that particular item, it can be added to the policy in one of two ways.

That is, losses involving leased personal property will be valued based on replacement cost or actual cash value, whichever valuation method applies to Your BPP.

Commercial property insurance plans pay for losses based on the replacement cost of the item or its actual cash value.

For example, suppose that you own a building that you have insured on a replacement cost basis.

Some policies or endorsements provide coverage on a replacement cost basis.

As for valuing the amount of loss, structural damage is usually paid for on a replacement cost basis.

The value may be based on replacement cost or actual cash value.

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).

This is also a good time to review your insurance policy to make your personal property is covered on a replacement cost basis and not on an actual cash value (ACV) basis.

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.

You consult with a building contractor to determine the value of your building on a replacement cost basis.

Assume that you own a building that you have insured on a replacement cost basis.

When buying home insurance, you should insure your home based on its replacement cost, which is the amount you need to rebuild it if damaged or destroyed, and not its market value, which is what you could sell your home for in its current condition.

A: Covered losses under a homeowners policy can be paid on either an actual cash value basis or on a replacement cost basis.

If you can afford to purchase insurance on a replacement cost basis, it's usually recommended that you do so.

When you file a claim with your home insurance company, the amount you will receive as indemnity for lost or damaged property depends on the replacement cost of your policy.

Alternately, you pay a higher premium on a replacement cost value (RCV) policy.

Even if you have elected to insure your business personal property on a replacement cost basis, any loss involving works of art will be determined based on the actual cash value of the damaged item.

Thus, a policyholder insuring a car valued at $ 30,000 with a $ 1,000 deductible on a replacement cost valuation, would receive a check in the amount of $ 29,000 in the event of a total loss.

With personal property coverage on a replacement cost basis, loss of use insurance to pay for your hotel, and liability coverage should you cause another person bodily injury or property damage, Effective Coverage has got you covered.

Assume that your policy covers losses on a replacement cost basis.

Therefore, if a person totaled a brand new car insured by an insurance policy on a replacement cost valuation, although the insurance company will pay for the full value of the car, they must deduct the amount indicated in the deductible portion of the policy.

A lender requires you to insure your home based on its replacement cost, or the cost to rebuild it.