* Los asistentes hispanoparlantes empleados por Cassel & Cassel, P.A., no son abogados.
The non-attorney staff assistants are not members of the State Bar of Florida and are not licensed to practice law in the state of Florida. Replacement Cost is the amount it would take to replace or rebuild your home or repair. * Spanish speakers are non-attorney staff assistants employed by Cassel & Cassel, P.A. As you can imagine, with the depreciation deduction, actual cash value doesnt provide enough compensation on its own to replace a damaged item. What Is The Difference Between Replacement Cost Vs.
The attorney responsible for this website is Michael Cassel, Esq. The services discussed on this website may not be available in all jurisdictions. Nothing contained on this website constitutes a guarantee, warranty, or prediction regarding the outcome of a specific legal matter. Though that sounds great, youll pay a higher premium for replacement value in insurance situations. It doesnt take depreciation into account with equipment values, but instead looks at what it would cost to replace the machines capability. Prospective clients may not obtain the same or similar results as each case is unique and results will differ based on the particular facts and law applicable in each case. Replacement value refers to how much it would cost to replace the equipment. Any accounts of recent trials, verdicts, settlements, or results contained in this website are intended to illustrate the experience of the law firm. We are not responsible for any errors or omissions in the resources or information available at or from this website. We make no representation, warranty, or claim that the information contained on this website is up to date. Laws and legal requirements change frequently and are subject to revision and interpretation. No information contained on this website should be relied upon without consulting with an attorney licensed to practice in the jurisdiction in which your matter arises. DISCLAIMER: The information contained on this website is intended as general information only and does not constitute, nor should it be taken as, legal advice. The biggest difference between the two is that actual cash value takes into account depreciation (the decrease in value overtime), and replacement cost doesn.
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