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For example, if your coverage limit was up to $200,000, but the cost of rebuilding your home is $250,000, an extended replacement cost endorsement that covers up to 25 percent more than the policy ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Major factors in price estimation include location, coverage, and the amount of insurance, which is based on the estimated cost to rebuild the home ("replacement cost"). [2] If insufficient coverage is purchased to rebuild the home, the claim's payout may be subject to a co-insurance penalty. In this scenario, the insured will be subject to an ...
The cost of coverage can depend on several factors such as your home’s location, the amount and type of coverage you need and the cost to repair your home. These can lead to premiums that may be ...
The 20SC originally contained a half height 5.25" Seagate ST-225N 20MB SCSI hard drive, but was later manufactured with a full-height 3.5" MiniScribe 8425SA 20MB SCSI hard drive. The latter drive was the same size as the drive inside the Macintosh Hard Disk 20, but 10 to 15 MB over what had previously been offered by Apple for the II family.
If your home is insured for $100,000, which includes your roof, and you have 125 percent extended replacement cost coverage, you actually have $125,000 in coverage, should the $100,000 not be ...