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Political Factoid
"Some insurers only pay what's
called 'actual cash value,' which
represents the depreciated value
of whatever you are trying to
replace."
- This may work for replacing
a totaled automobile
... where you can find an
equivalently depreciated
used car as a replacement.
- But, just try that when
replacing a blown-off roof.
Industry lobbyists help Congress write
regulations that work in a similar fashion.
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