What does ACV less 500 deductible mean?
What does ACV less 500 deductible mean?
If you chose a $500 deductible, you would pay the first $500 out of pocket to replace your vehicle. Your Comprehensive insurance would then pay the rest of the cost to replace your vehicle, up to the lower of the actual cash value (ACV) of the vehicle or the Stated Amount that you submitted.
Which two perils are not covered under a standard homeowners insurance policy?
Standard homeowners insurance policies typically do not include coverage for valuable jewelry, artwork, other collectibles, identity theft protection, or damage caused by an earthquake or a flood. Jul 12, 2021
What does depreciation mean in insurance?
Depreciation is the method of allocating the cost of an asset over the course of its useful lifetime. When you sign an insurance policy, your insurance company is likely agreeing to cover the replacement cost of the covered item – like your house. Jun 21, 2018
What does OTP mean on an insurance claim?
Opioid Treatment Program (OTP) services are covered under Part B starting in 2020, so if a Medicare beneficiary’s Part B deductible hasn’t been met, some or all of the deductible may apply to the OTP services the beneficiary received.
How much should a contractor charge for overhead?
The typical remodeling contractor will have overhead expenses ranging from 25% to 54% of their revenue – that means every $15,000 job could have overhead expenses of $3,750 to $8,100. Somewhere along the line, people started believing that a 10% overhead and 10% profit is the industry standard for construction jobs.
