Sentences with phrase «than a replacement cost value»

However, an actual cash value policy is cheaper than a replacement cost value policy by about 10 % according to the Insurance Information Institute.

Not exact matches

As part of its pitch, the company explains to potential customers that the so - called «net present value» of a $ 7,000 saddle is actually less than the all - in cost of using an ill - fitting one — expenses that include frequent vet bills, replacement saddles and even the costs associated with the premature death of the animal due to saddle - related health problems.

When you invest with Fundrise, you're investing in real estate properties that we've acquired for less than what we believe is their intrinsic value (i.e. their replacement cost).

This protection is, of course, at replacement cost, meaning that you get the coverage you need to replace things that suffer a loss at retail, rather than the actual cash value of the property.

In addition to having coverage for replacement cost rather than actual cash value (AKA «Craigslist price»), you'll want your home inventory to reflect the replacement cost of that item.

Remember that the policy generally will cover replacement cost, so a claim would result in you being able to replace the property rather than just getting the depreciated value of your things.

As manufactured homes generally depreciate over time, the actual cash value will typically be less than the replacement cost.

Personal property coverage on renters insurance is often at replacement cost, rather than actual cash value.

Generally there is a small deductible on New Jersey renters insurance, and from that deductible on, your personal property is covered at replacement cost rather than actual cash value, up to the limits of the policy you've selected.

It is important to note that this property is insured at «stated value» rather than replacement cost, and the deductible that applies is typically lower than your policy's regular deductible.

The premium will be priced based on the same factors as any other home - the replacement cost value, the deductible you choose and other applicable risks - but it will be higher than if the same home were your primary residence.

There are many other perils covered by the policy as well, and you get replacement cost coverage that allows you to purchase a replacement item at retail rather than having to make up the often significant difference between retail price and the actual cash value that some policies provide.

Some providers will try to sell actual cash value policies and then expect you to pay more than the original quote if you want replacement cost.

Many storage policies reimburse only for an item's cash value at the time of loss, which may be less than replacement cost.

Replacement cost coverage is standard, so if there's a property loss, you'll have enough coverage that you'll be able to replace those items at retail, rather than worrying about the actual cash value of the items.

Personal property coverage is generally at replacement cost, so you get the money you need to go buy new property rather than the actual cash value.

We follow a value investing strategy of buying investments for less than what we believe is their replacement cost, then improving the real estate through hands - on management and partnership with local operators.

The reason why old property may be more expensive to insure is that, their replacement cost may become higher than their market value overtime.

Besides, their liability would only pay you actual cash value rather than replacement cost, generally speaking.

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

Other factors than can affect the cost of your policy include your choice of deductible, whether you opt for actual (depreciated) value or agreed value replacement coverage, and the coverage options you choose.

Analysts, however, don't pay much attention to the absolute number, because the replacement values are likely overstated (or, to put it another way, companies could replace their current assets with assets of comparable condition for less than the stated replacement cost).

Personal property is covered at replacement cost rather than actual cash value on most Idaho renters insurance policies in 2018.

That said, you could also argue that the windows and flooring also provide a lasting benefit — as they are more than repairs or replacements, but, rather, upgrades that cost more and add more value to the cottage.

We believe that everyone should have replacement cost coverage, because the actual cash value of your property is generally much lower than you'd expect it to be.

You should also make sure this insurance covers replacement costs, rather than the market value of your home.

A cash value policy, which pays for your personal property on a depreciated basis, costs less than a replacement value policy that will provide enough money for you to replace your items.

Generally your policy will come with replacement cost coverage to ensure that you'll be able to go buy a new item rather than having to settle for the actual cash value of your property.

This coverage is generally at replacement cost rather than actual cash value.

Most policies provide compensation on an actual cash value basis rather than a replacement cost basis.

Replacement cost coverage is more expensive than actual cash value because your policy will pay to restore your property to new should it be damaged, while actual cash value accounts for depreciation.

When you invest with Fundrise, you're investing in real estate properties that we've acquired for less than what we believe is their intrinsic value (i.e. their replacement cost).

Replacement cost renters insurance might sound like a no - brainer, but, as with all premium things, it's got a higher price tag than its actual cash value counterpart.

However, the market value of a home is different than the replacement value which is often used for both tax assessment and replacement cost by states and insurance companies.

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

Replacement cost coverage for your mobile home tends to cost more than actual cash value coverage does because the insurance company commits to paying out more for losses.

While you're reviewing your possessions, think about whether you want to insure them for actual cash value (where the policy would pay less money for older items than you paid for them new) or for replacement cost (which would cover to replace the items).

Because replacement cost value policies tend to pay out more (since they aren't based on depreciated value), they also tend to cost more than actual cash value policies.

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.

A line of cases out of Ontario has begun to award more than just replacement value and incurred costs to owners of wrongfully injured or killed pets — and it may be setting a precarious precedent.

The replacement cost endorsement ensures that the policy pays out replacement cost which is the value to replace that used refrigerator or television with a brand - new one rather than its current value.

Older Home Policy, also known as HO - 8 or the Modified Coverage form, is designed for older homes and historic homes where historic aspects and some structural peculiarities of the building make its replacement cost considerably higher than the appraised value of the house estimated on the basis of the present day market value of the materials.

I think you should carry more insurance coverage than your used to because I've seen the look on a person's face when they learn difference between Replacement Cost and Actual Cash Value the hard way.

An insurance policy clause that sets the value of covered property at the market rate rather than basing the value on actual cost or replacement cost.

It is important to note that this property is insured at «stated value» rather than replacement cost, and the deductible that applies is typically lower than your policy's regular deductible.

The premium will be priced based on the same factors as any other home - the replacement cost value, the deductible you choose and other applicable risks - but it will be higher than if the same home were your primary residence.

Replacement cost is a better option: It reimburses you for the original value of the item (or one of similar kind and quality at today's replacement cost if the item is no longer available) and costs only slightly more than actual Replacement cost is a better option: It reimburses you for the original value of the item (or one of similar kind and quality at today's replacement cost if the item is no longer available) and costs only slightly more than actual replacement cost if the item is no longer available) and costs only slightly more than actual cash value.

As manufactured homes generally depreciate over time, the actual cash value will typically be less than the replacement cost.

Replacement cost insurance may cost more than actual cash - value coverage in Massachusetts, but you will be better compensated after a loss.

Though, experts usually recommend insuring your property on a replacement cost basis because if you bought an item several years ago, its current value may be considerably less than the total cost of replacement.