The most common definition of actual cash value is purchase price less depreciation.
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Q2: A trampoline in your back yard is
Q3: Liability claims may result from alleged negligent
Q4: The principle of indemnity generally limits the
Q5: Liability insurance generally provides some coverage for
Q6: Actual cash value is defined as replacement
Q8: You would be considered to be negligent
Q9: Personal property floaters provide increased coverage for
Q10: Actual cash value provides coverage at the
Q11: Earthquakes are covered under most homeowner's policies.
Q12: A peril is a cause of loss.
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