Sentences with phrase «percent of the actual cash value»

However, the payment made under this coverage may not exceed 25 percent of the actual cash value.

Not exact matches

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.

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.

The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage but can be well worth the extra cost.

The price of replacement cost coverage is generally about 10 percent more than that of actual cash value.