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  2. What is the actual cash value of my car? - AOL

    www.aol.com/finance/actual-cash-value-car...

    After you file a claim, your insurance company will send a claims adjuster to inspect your car and determine how much it will cost to repair your vehicle back to its original condition. The ...

  3. Actual cash value - Wikipedia

    en.wikipedia.org/wiki/Actual_cash_value

    This percentage multiplied by the replacement cost equals the actual cash value. For instance, imagine a man bought a television set for $2,000 five years ago, which was unfortunately destroyed in a hurricane. His insurance provider estimates that televisions typically have a useful life of 10 years. Today, a similar television would cost $2,500.

  4. Replacement value - Wikipedia

    en.wikipedia.org/wiki/Replacement_value

    Replacement cost coverage is designed so the policy holder will not have to spend more money to get a similar new item and that the insurance company does not pay for intangibles. [4] For example: when a television is covered by a replacement cost value policy, the cost of a similar television which can be purchased today determines the ...

  5. Condition of average - Wikipedia

    en.wikipedia.org/wiki/Condition_of_average

    Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.

  6. How Trump’s proposed tariffs could affect auto insurance - AOL

    www.aol.com/finance/trump-proposed-tariffs-could...

    Increase in totaled vehicles: When a car’s repair cost exceeds the actual cash value (ACV) of the vehicle, insurance carriers declare the car totaled. Drivers will receive a claim payout for the ...

  7. How to choose the right cheap car insurance for your budget - AOL

    www.aol.com/finance/choose-cheap-car-insurance...

    Per data from Quadrant Information Services, the average annual cost of car insurance is $2,542 for full coverage and $740 for minimum coverage, but your rates may vary based on your location ...

  8. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.

  9. What is car insurance? - AOL

    www.aol.com/finance/car-insurance-145928623.html

    The average cost of car insurance in the U.S. is $2,545 per year for full coverage, but the cost can vary significantly, depending on the state in which you live. For example, while drivers in ...

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