What does “cash value” compensation mean?

When a policy refers to ‘cash value’ compensation it means that we will replace any damaged items at their replacement cost minus the depreciation.

Tags: cash, depreciation, settlement

Related entries:

• How would my employees benefit from the Personal Accident insurance?
• What is money section? What would you cover me for if I choose to buy it?
• What types of Insurance do I need for my business?
• Why do I need to insure my business?
• Could you give me some examples of Permanent Total Disability?