ACV doesn't reflect what you paid for an item, but what it's worth in its current condition. The difference between what you paid and what it's now worth is the depreciation. We discuss how depreciation is calculated below.
Replacement cost coverage represents a dollar amount you'd pay to replace your damaged or destroyed business property with something comparable. In policies, insurers often define comparable items using the term "of like and kind quality."
Volkswagen Oman ties up with Budget RAC to extend leasing services | ZAWYA MENA Edition
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