Sentences with phrase «replacement value of the damaged»

With actual cash value, the insurance company pays you an amount equal to the replacement value of damaged property minus a depreciation allowance.

It's now set at $ 25,000, making it an excellent forum for these sort of property disputes over the replacement value of a damaged vehicle.

This coverage pays you an amount equal to the replacement value of damaged property minus depreciation.

The second, and less desirable, insurance is actual cash value that will pay you an amount equal to the replacement value of the damaged property minus depreciation.

ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.

Loss / Dealy of Checked Baggage: In the event of loss of checked - in baggage, this travel insurance policy reimburses the insured for the replacement value of any damaged or lost articles, as specified under the policy terms.

Not exact matches

Shipments containing cash or other means of payment, precious metals, art work, jewelry, watches, precious stones or other articles of value or securities for which, in the event of damage, no stoppage and no cancellation and replacement procedure can be carried out; for the avoidance of doubt the following valuable goods are exempted from this rule: Shipments using the Registered Mail special service, which contain stamps, telephone cards, vouchers for goods and low - value goods in these classes (e.g. fashion jewelry and promotional articles), up to an actual value of 30 Special Drawing Rights of the International Monetary Fund (SDR) per shipment, and individual tickets and entrance tickets;

In the case of a juicer, you can ask to add a replacement cost value rider to an actual cash value policy to get reimbursed for the cost of a new juicer if it's damaged.

In general, insurance companies will not fully cover the cost of damage to a home unless the insurance coverage is equal to at least 80 % of the home's total replacement cost (not market value).

To minimize the financial damage of a tornado, Travis Biggert, chief sales officer at HUB International Mid-America, an insurance brokerage, says it's critical to add something known as replacement cost value (RCV) coverage, which covers the cost of repairing or replacing items at their current cost.

If you have Replacement Cost (RC) coverage, in the event of a covered loss, we'll first pay you the actual cash value for the damage to your property.

Replacement cost means you can buy new items to replace the damaged ones rather than relying on the actual cash value of the property.

Wind damage is a standard peril, but full replacement value for the contents of your home is not.

Full value protection: Under a full value protection agreement (and at an additional cost to whoever hired the movers) a moving company is liable for the replacement cost of any lost, damaged or stolen property.

So, a home with a replacement value of $ 300,000 and maximum contents coverage of $ 100,000 would require an additional $ 200 per year in premiums to cover earthquake damage.

Finally, you know that PETA has filed various motions to have the case dismissed by arguing that the dog was worthless, she had no value beyond the cost of replacement for another dog, they had permission by the property owner to remove community cats so they can not be guilty of trespass for entering and killing a dog, the family is not entitled to punitive damages because PETA's theft and immediate killing of a happy, healthy, beloved dog is not «outrageous» conduct, and in an argument with racist overtones, that the family may not be in the country legally so PETA should be allowed to get away with the theft and murder of their dog.

Lawsuit update: PETA tells the Court that Maya was worthless and therefore they can't be financially liable to the family, that, at best, the dog had no value beyond the cost of replacement for another dog, they had permission by the property owner to remove community cats so they can not be guilty of trespass for entering and killing a dog, and the family is not entitled to punitive damages because PETA's theft and immediate killing of a happy, healthy, beloved dog is not «outrageous» conduct.

PETA, in turn, asked the court to throw out the lawsuit by arguing that the dog was unlicensed so was not worth anything, the dog had no value beyond the cost of replacement for another dog, they had permission by the property owner to remove community cats so they can not be guilty of trespass for entering and killing a dog, and the family is not entitled to punitive damages because PETA's theft and immediate killing of a happy, healthy, beloved dog is not «outrageous» conduct.

Replacement value reimburses you for the price of new versions of the damaged or missing items.

A discretionary Order is available for things such as the replacement value of the property; the pecuniary damages incurred from harm, expenses fleeing a domestic partner; or certain expenses arising from the commission of an offence under s. 402.2 or 403.

[92] These indicators of legislative meaning overwhelmingly demonstrate that statutory condition 6 (7) was meant solely to codify the principle that on paying the insured the full value of the damaged car (the actual cash value or replacement value), the insurer is entitled to take the salvage.

If you have replacement cost coverage, you'll be reimbursed the value of what it takes to replace the damaged item or items.

If you are covered for replacement value instead of cash value, you are paid enough to buy the item new instead of what the item is worth at the time it is damaged.

Actual Cash Value - repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciValue - repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus deprecivalue for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation

Comprehensive coverage protects the value and replacement of your car in the event that it is damaged as a result of anything other than an accident, for example if your car is stolen, someone breaks into it or there it suffers flood damage.

Replacement value will provide you with enough funds to replace the damaged property with something of the same value.

If your car is damaged too badly and the replacement costs are higher than the actual value cost of the vehicle, then providers may choose to pay you out and «write» your auto off.

Some fire insurance covers for providing you with complete replacement of damaged property, but some will only cover for repairs, or just cover for the financial value at the time of the incident.

Of course, you want to insure your home for the full replacement value in case of a disaster, and you'll also want to review exactly what types of damages are covereOf course, you want to insure your home for the full replacement value in case of a disaster, and you'll also want to review exactly what types of damages are covereof a disaster, and you'll also want to review exactly what types of damages are covereof damages are covered.

You will need to choose either «Actual Cash Value» coverage, which replaces damaged or stolen goods while taking depreciation into consideration, or «Replacement Cost» coverage, which will reimburse you the amount of replacement for stolen items at the cuReplacement Cost» coverage, which will reimburse you the amount of replacement for stolen items at the cureplacement for stolen items at the current cost.

With Replacement Cost, get the replacement value of your car if it is lost due to theft or extrReplacement Cost, get the replacement value of your car if it is lost due to theft or extrreplacement value of your car if it is lost due to theft or extreme damage.

Basis of Claim Settlement - For damage of insured equipment necessary expenses will be repaid which is required to restore the product in previous form or will pay the market value of the same if repair cost exceeds replacement cost.

Actual cash value means you'll be reimbursed for the cost of your damaged item at its current, depreciated value, while replacement cost means you'll receive the full cost of replacing the item with something new.

Replacement cost value is the amount it would cost to repair or replace a lost, stolen or damaged item with one of the same material and quality as the original — in today's market.

You will be issued an initial check for the actual cash value (based on the adjuster's estimate) of the repairs or replacement roof once we have validated that the damage was caused by hail and that your policy covers the damage.

Replacement cost coverage usually reimburses you for the full cost of replacing the lost, stolen or damaged item, rather than simply reimbursing you for the value of the item at the time of the claim.

Recovery for damage or loss to personal property will be adjusted on the value of the replacement cost for each item, with no deduction for depreciation, provided the damaged property is replaced.

If your bicycle is damaged due to one of the covered risks of your policy, like theft, for example, you will need to know if your insurance covers replacement cost, or actual cash value in order to know how much money you will get.

With a typical homeowners policy, after a loss you would be reimbursed based on your items» depreciated value (its original value minus depreciation for time, wear, damage, etc.), but with Contents Replacement Cost coverage, the value of any damaged or destroyed item is based on the cost of a new one with similar features.

While both types of coverage help with the costs of rebuilding your home or replacing damaged items after a covered loss, actual cash value policies are based on the items» depreciated value while replacement cost coverage does not account for depreciation.

Depending on the type of coverage you have, you'll either get the money to replace the property that was damaged, replacement cost, or you might receive the value of the item at the time of the accident, actual cash value.

You can insure your property at actual cash value or pay a little more for replacement cost value, which can pay the cost of new items to replace the damaged ones.

Replacement Cost and Actual Cash Value: Replacement cost policies provides you with the dollar amount needed to replace a damaged item with one of similar kind and quality without deducting for depreciation (the decrease in value due to age, wear and tear, and other factValue: Replacement cost policies provides you with the dollar amount needed to replace a damaged item with one of similar kind and quality without deducting for depreciation (the decrease in value due to age, wear and tear, and other factvalue due to age, wear and tear, and other factors).

If you are driving a vehicle that does not have a lot of value you will probably be better off avoiding the large cost of personal property protection and simply covering any damages or replacement on your own.

Comprehensive coverage protects the value and replacement of your car in the event that it is damaged as a result of anything other than an accident, for example if your car is stolen, someone breaks into it or it suffers flood damage.

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

So if the replacement cost value of your home is $ 100,000, then your policy likely only covers up to $ 10,000 in damages to external structures.

Replacement cost is the cost of replacing damaged items with items of the same value and type.

PDF Receipts and Statements of Value While you might have a paper file in your home with receipts for large purchases, warranties, and backup documentation for replacement parts, these will do you no good if documentation is also damaged in a flood.

Some even include replacement cost values rather than existing values which will reimburse you a much larger amount of money in the event of theft or damage to your property.It is important to keep in mind that most renters insurance policies will not protect against earthquakes, flooding and other «acts of God».