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Get Pa Homeowners 3 – Special Form 2014-2024

The premium and compliance with all applicable provisions of this policy. DESCRIPTION OF ACTUAL CASH VALUE Throughout this policy, the following is added to any provision which uses the term actual cash value: Actual cash value is calculated as the amount it would cost to repair or replace covered property, at the time of loss or damage, with material of like kind and quality, subject to a deduction for deterioration, depreciation and obsolescence. Actual cash value applies to valuation of cover.

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