Otherwise. actual cash value" means the market value of new, identical or nearly identical property less reasonable deduction for wear and tear, deterioration and obsolescence.
Appears in 4 contracts
Sources: Homeowners Insurance Policy, Insurance Policy, Insurance Policy
Otherwise. actual cash value" value means the market value of new, identical or nearly identical property less reasonable deduction for wear and tear, deterioration and obsolescence.
Appears in 1 contract
Sources: Homeowners Insurance Policy