Sentences with phrase «than actual cash value because»

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.

Not exact matches

It was, in fact, the ultimate value stock because the discounted present value of the actual, real future cash earnings was far greater than the stock price at the time.

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.

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.

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.

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.

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.

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

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.

If the car experiences a total covered loss, we will pay the agreed - upon value, rather than the actual cash value of the car as long as there is no prior damage to the car, parts have not been removed, and the car's condition has not deteriorated because of abuse or neglect.

If you had an actual cash value policy, the company would pay only a part of the cost of a new washing machine because a machine that has been used for eight years is worth less than its original cost.

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.

If you have an actual cash value policy, it will pay only a small percentage of the cost of a new TV set because the old TV has been used for 10 years and is now worth a lot less than its original cost.

Actual cash value coverage in a renters insurance plan is less expensive than full replacement coverage because of the way it calculates the payout on losses.

Actual cash value in renters insurance property coverage is less expensive than full replacement cost because the payout on a claim is lower.

Replacement cost makes sure you can go buy a new item of like kind and quality, rather than suffering with something you picked up at a thrift store because you only got the actual cash value of your things.

The reason why anyone chooses actual cash value as their Livermore renters insurance reimbursement method is because the premium is lower than the replacement value option.

With actual cash value, most of your belongings will be worth less than what you paid for them but, because of this, you will receive a cheap premium on your renters insurance.

If you have an actual cash value policy, it will pay only a small percentage of the cost of a new TV set because the old TV has been used for 10 years and is worth a lot less than its original cost.