Sentences with phrase «regardless of the actual cash value»

Some policies may also cover the cost of repairs should there be only a partial loss to your new vehicle, regardless of its actual cash value.

Replacement cost means that if the home is damaged or destroyed, it will be repaired to the original condition, regardless of the actual cash value.

Not exact matches

Second, the actual cash value of the property you own is depreciated to nearly zero, regardless of what you paid for it.

Assuming everything is in order with your claim, you'll get compensated for your loss out of your Elgin renters insurance personal property plan regardless of whether you have actual cash value or full replacement insurance.

Second, the actual cash value of the property you own is depreciated to nearly zero, regardless of what you paid for it.

Actual cash value is very limited in what it will pay to replace, and in most cases you will end up spending a great deal out - of - pocket regardless of how much insurance you purchased.

Actual cash value coverage will pay out a depreciated amount for damages, but replacement value coverage will repair or replace the damaged item or structure regardless of the cost to do so.

Actual cash value means that you will be paid the original cost of the property minus depreciation over time, while replacement cost insurance means that your property will be replaced regardless of the current market value of the item or required materials.

If you have full replacement value coverage, it will pay to replace the borrowed items regardless of their age, but if you have actual cash value coverage, it will only pay the depreciated value of the items.