Replacement value


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Replacement value

Current cost of replacing the firm's assets.

Replacement Value

The cost of replacing an asset in the case that it is damaged or destroyed. That is, the replacement value changes according to the market value of the asset. An individual or company may buy a replacement cost insurance policy to cover the replacement value. It is also called the replacement cost.
References in periodicals archive ?
He explained that using the replacement value would save approximately 5% of the amounts due from hotels in the Red Sea and South Sinai.
An extensive database of property-specific commercial and residential building information, including geocoded location, building replacement value and building characteristics such as construction, occupancy, year built, building height and more also has been developed.
mil, click "Personal Property/POV" in the upper right-hand corner, and under "Quick Links" at the right of the page, click "Full Replacement Value Information.
A product designed to gauge home replacement values has recently been made available to insurers by Simultaneous Solutions.
The issues related to LIFO can only be understood in the context of two broad theories about useful measures of the cost and value of goods sold: historical cost and replacement value.
AIR's analysis examined four data elements critical for accurate catastrophe loss estimates: replacement value, construction, occupancy, and location.
Reliable catastrophe risk assessments start with high quality exposure data including reliable replacement value estimates," said George Davis, vice president at AIR Worldwide.
By helping to ensure that properties are written to reflect full replacement value, ISO HomeValue improves underwriting profitability by containing premium leakage.
Most rental-insurance policies cover the replacement value of personal property.
Hamm went on to say that replacement value for this quality of property would be substantially higher than the price paid by the buyer.
Insurance to value is a property insurance underwriting concept, which focuses on insuring your camp buildings and other real property at their full replacement value.
The agency calculates the building's replacement value at $6.