Insurance that provides for the replacement value of property that has been damaged. Depreciation is not subtracted from the value of the item.
Related information about depreciation insurance:
- Depreciation insurance - Merriam-Webster Online
insurance that is added to a fire insurance policy by endorsement and that covers the difference between the actual cash value and the replacement cost of the ...
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Definition of depreciation insurance: Insurance that provides for the replacement value of property that has been damaged. Depreciation is not subtracted from ...
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A factor in determining how much is paid on an insurance claim is depreciation. Of the two standard policy types, Actual Cash value considers an items rate of ...
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Brief and Straightforward Guide: What Is Depreciation Insurance?
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Jan 27, 2012 ... Click on the following links to read other posts on Actual Cash Value and Depreciation. Tags: Actual Cash Value, Depreciation, Insurance ...
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