Cash Value Definition
Cash Value is the total amount of money the policy owner is entitled to receive if the insurance has been canceled and returned to the company. It’s also called cash surrender value.
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- Total Loss
- Total Annual Loan Cost
- Adhesion Insurance Contract
- Additional Living Expense Loss
- Ad Valorem
- Accelerated Depreciation
- Replacement Cost
- Peril
- Non Recourse Mortgage
- Named Perils