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Movable property
Tangible
Replacement cost as it relates to your personal property allows for up to 400% of the actual cash value for full replacement of the contents. I will give an example of a 5 year old TV that was damaged. The 5 year old TV value is $200 so the insurance company will pay up to 4 times the value for replacement of the TV with one of like kind and quality if the same model is no longer available. They are usually very generous with items like this because of developing technology.
Intangible
Intangible personal property includes stocks, bonds and mortgages. See the related question link provided below.
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What kind of property are you referring to? They retain ownership of real estate - vehicles - and any personal property they owned prior to incarceration. They are, however, SEVERELY limited in what, and how much, property they can possess in jail or prison.
Building beautiful one of a kind automobiles.
Check kind of toxins released by automobiles
If an insurer pays for the total loss of personal property, including a car, it usually becomes the owner of the property as part of the resolution of the claim. The property is then sold so that the insurer may recoup some of its loss. There are some entities, such as scrap metal companies that deal in that kind of property. Under some circumstances, the insured wishes to keep the property. That can usually be negotiated, but the payment to the insured on the claim may be adjusted accordingly.
there were mostly trains,trams,automobiles, and carriages.
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