Easily Replace Value Choice from the Guarantee Agreement

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How to Replace Value Choice from the Guarantee Agreement

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hello everyone raza here in this video i will show you how to set default values for controls in power apps default to current user todays date choice columns lookup columns multi-select choice columns default to please select and drop downs and a lot more so lets check it out in action [Music] lets start with the text input control the text box control has a property called default and by default it is set to text input i can set it to blank this i can replace with any text i can even make this dynamic for example i would like to show the current logged in users full name next lets focus on the date picker control there is a property called default date by default it is set to todays date if i remove this in that case the date that it is showcasing here comes from a property called input text placeholder which has the following formula and this is just a placeholder text which i am free to change i have set the placeholder text to select date so the date control here shows the t

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What is the difference between replacement cost and agreed value?

Agreed value waives any coinsurance penalty and pays 100% of the stated amount (agreed upon amount) for any covered loss. Replacement cost covers the amount it takes to replace your property with new property of like kind and quality up to the limits of insurance.

Can you have replacement cost with agreed value?

Most auto insurance policies use actual cash value. Agreed value takes into account neither the replacement cost nor age, but only an agreed-upon value at the start of the policy.

What is the difference between replacement cost and value?

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.

What does agreed value mean?

With an agreed value insurance policy, you and your insurance provider come to an agreement on how much your vehicle is worth, which is the maximum amount of money the insurer will pay after a covered loss. If you have a claim, you are entitled to either the full amount required to fix the car or the agreed-upon value.

How is replacement value determined?

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 does $100 replacement cost mean for insurance?

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.

Is it better to have actual cash value or replacement cost?

Overall, replacement cost is a far better form of coverage than actual cash value. An RCV policy will help replace damaged or stolen property with new items. Actual cash value coverage will only cover the depreciated amount, which means youll have to pay more out of pocket to replace everything.

What does replacement value mean in insurance?

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.

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Replace Value Choice from the Guarantee Agreement