Sentences with phrase «terms of the actual cash value»

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This compensation data was ranked within the Labor Market Peer Group by the aggregate amount of annual salary, annual target and actual incentive awards, plus the annualized grant date value of long - term cash and equity compensation.

For each position, this compensation data was ranked within the Labor Market Peer Group by the aggregate amount of annual salary, annual target and actual incentive awards, plus the annualized grant date value of long - term cash and equity compensation.

In simple terms, that means that your property losses are paid out at the amount of money you need to go buy a replacement item, not the actual cash value.

For example, a common arrangement is for the employee to pay the cost of term insurance relative to the policy and if the policy is permanent life insurance, such as a cash value life insurance policy OR indexed universal life, the cost of term may be substantially less than the actual cost paid by the employer.

Because replacement cost policies pay out higher amounts than actual cash value policies, they typically cost more in terms of premiums.

Under the terms of the policy, coverage on the building would be determined on a actual cash value basis up to the amount of the policy limit of $ 800,000.

The Appeals Court approved the trial judge's analysis and dismissal of all of the insured's claims, premised on his observation that as used in Massachusetts standard fire insurance policies and G.L. c. 175, § 99, the term «actual cash value» did not import a single standard for determining the value of insured property.

Although the policy did not define the term «actual cash value,» it expressly provided that the policy contained all the agreements between the parties concerning the insurance afforded and that the terms of the policy could be amended or waived only by endorsement issued by the insurer.

After your Comprehensive coverage or your Collision coverage has paid you the actual cash value for your vehicle, less your deductible, your Loan / Lease Payoff coverage will pay the difference between the actual cash value and any additional amount you owe under the terms of your vehicle lease or loan (excepting fees and charges).

«Actual cash value» is a controversial term in the lexicon of home insurance agencies, precisely because the simplicity of the words lends it to interpretation.

Actual Cash Value One of the terms that's most often confused by customers shopping for homeowner quotes is «actual cash value.&Actual Cash Value One of the terms that's most often confused by customers shopping for homeowner quotes is «actual cash value.&raCash Value One of the terms that's most often confused by customers shopping for homeowner quotes is «actual cash value.&rValue One of the terms that's most often confused by customers shopping for homeowner quotes is «actual cash value.&actual cash value.&racash value.&rvalue.»

Because replacement cost policies pay out higher amounts than actual cash value policies, they typically cost more in terms of premiums.

Actual Cash Value (ACV), also referred to as market value, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quaValue (ACV), also referred to as market value, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quavalue, is a term commonly used in the insurance industry to define the amount of money needed to replace and repay something that has been stolen, damaged beyond repair and lost that is something of similar quality.

We'll pay to repair, replace, or furnish the agreed upon actual cash value of your property, subject to the terms and conditions of your policy.

Auto lease gap coverage applies if a vehicle you lease long - term has sustained a total loss, and the amount you owe on the lease exceeds the actual cash value of the vehicle.

If you have named the Lessors of your Long - term leased auto as an Additional Insured and suffer a total «loss» we will pay your legal obligation owed for any difference between the actual cash value (ACV) of the insured auto and the outstanding lease balance to the Lessor.

Because whole life premiums in the early years are higher than the actual cost of insurance, the build - up of the cash value in the policy reduces the risk to the insurance company, allowing for lower premiums in later years than would be paid in a term life policy.

Actual cash value is more affordable coverage in terms of the premium costs of boat insurance, but keep in mind that you are paying premiums on a policy that is offering a level of protection that keeps dropping over time.

«Actual cash value» is a term related to the value of the vehicle being insured.

In general terms, replacement coverage gives you reimbursement covering the cost of buying a new item to replace the one lost, while actual cash value (ACV) coverage depreciates the value of the lost item based on its age and reduces payout accordingly.

In terms of property protection, Tarrytown policies come in two forms: replacement and actual cash value (ACV).

Likewise, if your apartment was victimized by a burglary and your computer or flat screen television were stolen and not recovered, under the terms of your Cape Coral renters agreement you would receive compensation based on either the actual cash (depreciated) value or the full replacement value of the stolen items.

The term «actual cash value» can be misleading, and a lot of people think that this type of payout means they will get the actual receipt amount they paid for the item, but that is the original cash value, not the actual vale by current standards.

Actual cash value can also be thought of in simple mathematical terms.