The alternative is to insure on an actual cash value basis, which basically is a depreciated replacement cost
The fourth and fifth sections, respectively, present the onsite cost results from the replacement cost
and productivity change methods.
A replacement cost
approach is based on the cost of replacing the services that an individual had previously provided.
Factor 4 shows replacement cost
. Accordingly, when using the first two factors in ROI measurement, we see margin in terns of income exclusive of financing questions and turnover based on replacement cost
While agents should not be responsible for calculating the coverage amount, insuring to 100% of value, offering the replacement cost
endorsement and offering extra ordinance or law all are easily within an agent's ability.
That is the lesser of the limits, replacement cost
or necessary amount to repair/replace the damaged parts.
With respect to defendant's further contention that replacement cost
is unavailable because plaintiffs did not repair or replace the residence within 180 days--which they concededly did not--we agree with Supreme Court that fact questions exist regarding whether Charles Mason, defendant's claims adjustor, directed plaintiffs to leave the premises and their personal property untouched until further notice and, if so, whether they justifiably relied to their detriment on that purported directive (see Fundamental Portfolio Advisors, Inc.
value (RCV) is paid in full if the property is destroyed, in keeping with Florida's Valued Policy Law.
Grange continued to reject the Petersons' claim for replacement costs
in excess of $193,000.
In its answer to the first question, the court said that labor to install the new roof was a cost the insured was reasonably likely to incur, which meant it was rightly included within the meaning of replacement cost
. It followed, then, that labor could be depreciated along with materials.
2006-14, which provides heavy equipment dealers with a safe-harbor accounting method for using the replacement cost
method for valuing heavy equipment parts inventory.
In order to maintain the same level of physical inventory, companies would be compelled to borrow additional money to pay the higher replacement cost
. The increased debt loads to finance the higher tax bills and the higher cost of inventory would adversely affect the financial condition and competitiveness of U.S.