Sentences with phrase «than actual cash value on»

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

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

Not exact matches

Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan or lease, which could leave a financial «gap» of thousands of dollars.

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.

Insurance.com noted if a car has been totaled and the amount due on the loan is greater than the car's value, the insurance company will pay out the car's actual cash value (defined as the market value prior to damage from the accident).

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

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

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

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.

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.

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

Gap coverage kicks in if the insurer declares your car a total loss, and the payout from the insurance company for the vehicle's actual cash value is less than the amount you owe on the car loan.

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 you paid top dollar for a flat screen LED TV when they were first coming on the market more than five years ago, you may be shocked to learn what its actual cash value may be as determined by an insurance company.

Anytime you have a total loss situation, more likely than not, your vehicle compensation will be awarded based on the Actual Cash Value of your vehicle.

Depending on the age of the policy, the cash surrender value could be less than the actual cash value.

Your Frederick, MD Renters Insurance will offer coverage for replacement cost on your personal property, so that if there's a loss you can quickly replace the item with a new one rather than fighting over the actual cash value.

This is why a Named Perils, Actual Cash Value policy will be less expensive than a policy that covers you for all risks on a replacement value bValue policy will be less expensive than a policy that covers you for all risks on a replacement value bvalue basis.

If you want to save on premiums, you can get actual cash value for your contents which is less expensive than replacement value.

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.

This will be more expensive than actual cash value, but if a tenant catches the entire house on fire and you end up paying to rebuild, replacement value coverage will ensure that you have sufficient funds.

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.

A specific kind of renters insurance that insures for actual replacement cost rather than based on the calculation of the depreciated cash value or market value.

Rather than having to dish out thousands of dollars to replace these items, you will be compensated for either the actual cash value or the replacement value, depending on what type of coverage you choose.

HO - 8: Will cover your structure based on market value, rather than actual cash value.

This coverage costs more than coverage based on actual cash value.

Replacement cost is often a special endorsement on a policy, as actual cash value more often than not is the default offering on a standard renters insurance plan.

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

A specific form of renters insurance personal property protection that insures for actual replacement cost rather than based on any calculation of depreciated actual cash value or market value.

Even if the insurance you chose to purchase was only based on actual cash value and not on replacement cost coverage, you still would be much better off than you would with no coverage at all if you lost everything in a catastrophic claim.

Renters insurance based on actual cash value is usually less expensive than when it is based on replacement value, though, so you should consider your personal priorities for your St Paul renters insurance before you buy.

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.

At the same time, you may also decide that you require replacement cost value coverage rather than actual cash value coverage on your contents.

You can also lower the amount you pay each year on the best rental insurance by considering actual cash value rather than replacement value protection.

On the plus side, this type of Cold Spring Park renters insurance will cost a bit less than another type of coverage on a rental unit, whether it's an apartment or a house, so if you're having trouble fitting this type of policy into your budget, look at actual cash value optionOn the plus side, this type of Cold Spring Park renters insurance will cost a bit less than another type of coverage on a rental unit, whether it's an apartment or a house, so if you're having trouble fitting this type of policy into your budget, look at actual cash value optionon a rental unit, whether it's an apartment or a house, so if you're having trouble fitting this type of policy into your budget, look at actual cash value options.

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).