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A loss settlement option provides funds paid out to you by your insurance company after a loss or damage to an item.
Also called the “fair market value,” or the purchase price minus depreciation. Actual cash value generally has a lower premium than the replacement cost option.
It will cover the cost of replacement, up to a certain amount.
This is generally for specialty items like a classic car, artwork, or jewelry collection where the payout value is agreed upon beforehand and that’s what will be paid out.
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Currently Not Accepting Walk-Ins
Please be advised that due to unforeseen circumstances, Sharp is unable to assist walk-in clients at the moment.
We are happy to assist you with all your insurance needs over the phone at 1.877.218.2008