Actual value. Actual value means the amount it would cost to repair or replace property insured, on the date of loss, with material of like kind and quality, with deduction for obsolescence and physical depreciation.
Appears in 4 contracts
Samples: Combined Insurance Policy, Property Owners Insurance Policy, Property Owners Insurance Policy
Actual value. Actual value means the amount it would cost to repair or replace property insured, on the date of loss, with material of like kind and quality, with deduction for obsolescence o bso lescence and physical depreciation.
Appears in 1 contract
Samples: Property Owners Insurance Policy
