Glossary
Actual Cash Value
A calculation of value that pays damages equal to the replacement value of damaged property minus depreciation. Depreciation includes diminishment in value due to time and wear.
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Risk Alerts
It's important to the customers of Magas Insurance to keep a home inventory, but the process can be time-consuming and difficult. Thankfully, the newest version of the Insurance Information Institute's Know Your Stuff tool, available via free download, can make doing a home inventory a breeze.Read More...
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