Replace Calculated Field in the Certificate Of Insurance Request and eSign it in minutes

Aug 6th, 2022
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How to Replace Calculated Field in the Certificate Of Insurance Request

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either everybody I wanted to put together a real quick video here to explain the one part of the accounting 21 50 cat insurance project that the tutorial doesnt do quite a good enough job of explaining in detail so Im jumping in very far along through the project here as you see the excel file on your screen Im already in requirement for in your tutorial book Im going to start on page 63 pages 64 and 65 are the ones that really need the further explanation but just to give us a reference point here so first I want to click back into the pivot table that I started Ive already dragged insurance type down here to the rows column in this new pivot table that Ive created at the beginning of requirement for so thats page 63 to turn the page to page 64 and what the instructions are telling you to do is go to the pivot table tools up at the top of the screen Im moving my mouse around up here if you click on analyze or is it design and Ill analyze we should have here we go fields items

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Right-click on the field to be replaced and select Replace References: A menu will appear that gives you the option of selecting what field to replace the old field with.
The easiest way to calculate the replacement cost is to estimate the local cost per square foot to build a home by your homes square footage. So, if your local contractors charge an average of $150 per square foot, and your home is 2,000 square feet, the RCV for your home would be $300,000 (150 x 2,000 = 300,000).
What Is Replacement Cost Value (RCV)? If you have damaged property, RCV helps reimburse you for a new item thats of similar quality. For example, if you bought equipment five years ago for $100, replacement cost coverage as a part of your insurance pays for whats its worth today.
The replacement cost is the amount paid to replace property or personal belongings without any deduction for depreciation. The actual cash value is the replacement cost value minus depreciation. You may also have the option for replacement cost value on automobile, motorcycle, and boat policies.
Replacement Cost Value (RCV) The amount of money needed to repair your home at todays prices of building supplies; or replace your belongings at todays cost of the similar or like item. It is important to discuss replacement cost with your insurance agent when purchasing your policy.
Your homeowners insurance coverage should be based on the replacement cost of your home, meaning the cost to rebuild it, not its market value. Your homes replacement cost estimate is based on factors such as square footage, number of bathrooms, and local construction costs.
Replacement cost estimates are based on factors such as the homes size and number of rooms, as well as local construction and labor costs in your area. This is amount is different from the homes market value, which is the price youd pay for it on the real estate market.
How do I calculate the replacement cost value of my home? A quick method to estimate the replacement cost of your home is to multiply the square footage of your home by the average cost per square foot in your area.

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