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Renter's insurance Renter's insurance

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Oren Ernser

Lvl 9
1y ago

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What kind of insurance provides replacement value for personal possessions?

Renter's insurance Renter's insurance


What type of tax is figured at a percent of the value that an assessor places on property or personal possessions?

A property tax is figured at a percent of the value that an assessor places on property or personal possessions. Property taxes are paid every year, usually to a county.


What type of tax is fifured at a percent of the value that an assessor places on property or personal possessions?

ad valorem


What should a homeowner include in a basic coverage package?

Insure to value on replacement basis, personal property and structure.


How does replacement cost personal property work?

Replacement cost as it relates to your personal property allows for up to 400% of the actual cash value for full replacement of the contents. I will give an example of a 5 year old TV that was damaged. The 5 year old TV value is $200 so the insurance company will pay up to 4 times the value for replacement of the TV with one of like kind and quality if the same model is no longer available. They are usually very generous with items like this because of developing technology.


What is the difference between replacement value and full replacement value?

because its stupid


What kind of personal belonging did slaves have?

Slaves typically had very few personal belongings, as their possessions were often limited to basic necessities like clothing and small personal items. These belongings were often subject to the control and regulation of their owners, making it difficult for slaves to truly own anything of value and to enjoy autonomy over their personal possessions.


What type of tax is figured at a percent of the value that an assessor places on property or personal possessions This tax is used to support schools.?

Property taxes, real estate taxes, ad valorem or millage taxes


How much personal property coverage should I get for my homeowners insurance?

The amount of personal property coverage you should get for your homeowners insurance depends on the value of your belongings. It's recommended to get enough coverage to replace all of your possessions in case of damage or theft. Consider making an inventory of your belongings and estimating their value to determine the appropriate coverage amount.


What does cheap contents insurance mean for you?

It means you will have your possessions covered in an emergency, but it also means they may not be covered well enough to replace the items. It may give you a sense of false security, but if you don't really need full replacement value, go for it.


What is the meaning of material gain?

Material gain refers to obtaining physical belongings or assets such as money, properties, or possessions that contribute to personal wealth or well-being. It often involves acquiring tangible resources that have a monetary value.


What is possessions insurance?

Possessions are things you own. Thus in its simplest for 'possessions insurance' would be an insurance policy that you would need to purchase to cover the replacement of all or some of your possessions should they be lost, broken, stolen or destroyed by fire or flood. Normally such a policy would refer to the contents of your home (household or contents insurance - the building itself would need to be covered by a separate insurance policy) but the policy may also cover specified items (or items up to a maximum value) that you may have with you when you are out of your house. A special form of possessions insurance is needed for the things you take with you when you travel abroad, and this 'Travel insurance' would also cover medical emergencies when you are abroad.