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
Samples: Insurance Policy, Insurance Policy, Homeowners 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
Samples: Homeowners Insurance Policy
