Home Insurance. Tuesday , December 19th , 2017 - 06:12:55 AM
Actual cash value also can be determined by the fair market value of a home, which is determined by the amount for which similar homes are sold. Insurers will use the formula to base claims payments accordingly. The price of homes can vary based on several factors, such as location in a neighborhood, quality of local schools and future development. Depending on the type of development, the value of a home or the land on which it is built might appreciate or depreciate.
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