What amount would a person with actual cash value ACV coverage receive for two year old furniture destroyed by a fire?

What amount would a person with actual cash value ACV coverage receive for two year old furniture destroyed by a fire?

What amount would a person with actual cash value (ACV) coverage receive for two-year-old furniture destroyed by a fire? The furniture would cost $1,000 to replace today and had an estimated life of five years. $1,000 – [($1,000 5) 2] = $600.

Which of the following is something that will not affect your homeowners insurance premium?

Which of the following is something that will not affect your homeowners insurance premium? Answer: A (The distance of the home from a school.)

How do you value house contents?

To estimate the value of your home contents, you should: Go from room to room, making a list of all your possessions. Estimate how much each possession is worth. Get up-to-date valuations of jewellery and other high-value items. Add up the cost of all your items to get your estimate. Jan 12, 2022