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Scheduled Personal Property is covered on an actual cash value basis. A deduction for depreciation may apply. Please note that other restrictions may apply. Payment will not exceed the amount necessary to repair or replace the damaged item(s) with property of like kind or quality, or the amount of insurance,
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www.allstate.com/home-insurance/scheduled-personal-prop...
www.allstate.com/home-insurance/scheduled-personal-property-coverage.aspx
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(This generally includes the estimated wear and tear on the item damaged or the loss in value of that item because of aging and use.) The total amount you'd be paid would be subject to the terms of your particular policy, ... Personal Property Protection; Provides protection against covered loss to movable property like a...
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www.allstate.com/home-insurance/terms.aspx
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Indeed, most policyholders are told to list their personal household goods, list the date of purchase and the replacement cost, and then provide that list to the insurance adjuster. The adjuster arbitrarily applies depreciation and pays a figure claiming it is the "actual cash value" of the personal property loss.
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www.propertyinsurancecoveragelaw.com/2009/04/articles/t...
www.propertyinsurancecoveragelaw.com/2009/04/articles/texas-insurers/do-not-undervalue-the-actual-cash-value-of-used-household-property-in-texas/
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: Policies covering personal property of individuals and families basically call for the payment of the actual cash value of property which has been destroyed or stolen, the intent being to indemnify and not to enrich.
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www.roughnotes.com/ao-onlinedemo/pfm/400/450_0100.htm
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Policies covering personal property of individuals and families basically call for the payment of the actual cash value of property which has been destroyed or stolen, the intent being to indemnify and not to enrich.
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www.roughnotes.com/ao-onlinedemo/personalsurvey/pfm/..%...
www.roughnotes.com/ao-onlinedemo/personalsurvey/pfm/..%5Cpfm%5C450_0600.HTM
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Be careful about the terms replacement and actual cash value. Because insurance covers not only the house you are in but the contents "Replacement Cost Content Endorsement" will do a better job at covering your personal belongings as long as you can prove their existence than "Actual Cash Value".
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bluecollardollar.com/replacement_cost_082305.html
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The fair market value of property; technically, replacement cost less depreciation. ... Protects homeowners from losses to their homes, personal property, and some types of damage or injury to others for which the homeowner is liable. Homeowners insurance is subject to the terms, limits and conditions of your policy contract.
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www.geico.com/information/insurance-terms
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His insurance company determined Carl's reimbursement amount for the stereo was $60 by taking the current value of a comparable new stereo and subtracting any depreciation factors (wear and tare, age, etc.) Replacement Cost - Depreciation = ACV ... actual cash values ... Personal Property Insurance...
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personalinsure.about.com/library/glossary/bldef-002a.ht...
personalinsure.about.com/library/glossary/bldef-002a.htm
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The Difference is Actual Cash Value and Replacement Cost ... The main determining factor is whether your policy is a replacement cost value policy or an actual cash value policy. If you have an actual cash value policy, it will not. Actual cash value is also known as the fair market value. ... Personal Property Insurance...
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personalinsure.about.com/od/homeowners/a/aa012707a.htm
personalinsure.about.com/od/homeowners/a/aa012707a.htm
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