Sentences with phrase «replacement at current market value»

Not exact matches

The replacement cost will cover to repair broken items, replace them with similar items, or offer a cash settlement for an item at it's current market value.

If you have a replacement cost policy, the insurance company will pay to replace the items at the current market value.

They are liability and replacement products designed to cover the policy holder at levels equal to the current market value of his boat.

You will be much better off with replacement cost coverage (RCC), which will pay to replace your things at current market value, without taking depreciation into account.

A Cambridge homeowners insurance policy may also give you the option of choosing between ACV (Actual Cash Value) coverage, which means any claim would be subject to depreciation, or replacement cost coverage, which means that any item claimed would be replaced at its current market vValue) coverage, which means any claim would be subject to depreciation, or replacement cost coverage, which means that any item claimed would be replaced at its current market valuevalue.

A sensible solution may be to confirm that your home and its contents are insured for replacement value rather than the depreciated value at current market rates.

There are two coverage plans available: Replacement Cost Settlement, which pays to repair or replace your home without depreciation, and Actual Cash Settlement, which pays to repair or replace your home for what it's worth at current market value.