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2. Vehicle insurance - Wikipedia

   en.wikipedia.org/wiki/Vehicle_insurance

   Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...

3. Learn How Car Depreciation Is Calculated and Why It's ... - AOL

   www.aol.com/learn-car-depreciation-calculated...

   Car depreciation rates are linked directly to the car's overall condition. Whether it's mechanical issues, interior wear and tear, or its exterior appearance, the more you do to keep it looking ...

4. Car depreciation: What it is and how it works - AOL

   www.aol.com/finance/car-depreciation-works...

   An auto lease allows individuals to drive a new car without taking on the financial burden of car depreciation by simply paying to use the vehicle during its period of fastest depreciation and ...

5. Actual cash value - Wikipedia

   en.wikipedia.org/wiki/Actual_cash_value

   In the property and casualty insurance industry, actual cash value (ACV) is a method of valuing insured property, or the value computed by that method. Actual cash value (ACV) is not equal to replacement cost value (RCV). Actual cash value is computed by subtracting depreciation from replacement cost. [1]

6. Total loss - Wikipedia

   en.wikipedia.org/wiki/Total_loss

   In many jurisdictions a vehicle designated as a total loss is sold by insurance companies to general public, auto dealers, auto brokers, or auto wreckers. The metrics insurance companies use to make the decision include the cost of the repairs needed plus the value of the remaining parts, added to the cost of reimbursing the driver for a rental ...

7. Car insurance rates predicted to increase by 7% in 2025 - AOL

   www.aol.com/finance/car-insurance-rates...

   Friedlander explained that 2022 was the worst year in terms of underwriting losses in 50 years for the personal auto insurance industry; for every $1 of premium collected from policyholders in ...

8. Diminished value - Wikipedia

   en.wikipedia.org/wiki/Diminished_value

   Diminished value or diminution in value are the terms generally used to describe the loss in a property's market value after it was damaged in an accident and repaired. . Diminished value is most often associated with automobiles but it is applicable to other property of value including real estate or collectibles such as jewelry and ar

9. Recoverable depreciation in home insurance: What it is and ...

   www.aol.com/finance/recoverable-depreciation...

   Incident. Amount. Fridge value at the time of purchase in 2018 (i.e., its replacement cost) $1,500. Useful life. 14 years. Depreciation per year. $107 ($1,500 ÷ 14)